Fund L.P. Forager Sells 597 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 597 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $32.23, for a total value of $19,241.31. Following the completion of the sale, the insider now owns 1,043,021 shares in the company, valued at approximately $33,616,566.83. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The stock was sold at an average price of $32.80, for a total transaction of $247,804.00.
• On Monday, January 6th, Fund L.P. Forager sold 6,265 shares of Regional Management stock. The shares were sold at an average price of $33.46, for a total transaction of $209,626.90.
• On Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00.

Regional Management Trading Down 3.8 %

NYSE RM opened at $31.53 on Friday. Regional Management Corp. has a one year low of $20.50 and a one year high of $35.24. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The company has a market capitalization of $320.44 million, a price-to-earnings ratio of 13.25 and a beta of 1.50. The company’s 50-day simple moving average is $32.13 and its two-hundred day simple moving average is $31.20.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, November 21st. Regional Management’s payout ratio is 50.42%.

Institutional Trading of Regional Management

Several hedge funds and other institutional investors have recently bought and sold shares of RM. SG Americas Securities LLC purchased a new stake in shares of Regional Management during the 3rd quarter worth $105,000. JPMorgan Chase & Co. lifted its position in shares of Regional Management by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after buying an additional 572 shares during the last quarter. Summit Global Investments bought a new stake in shares of Regional Management in the 3rd quarter valued at about $209,000. PDT Partners LLC purchased a new position in shares of Regional Management in the 3rd quarter worth approximately $213,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Regional Management by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock worth $243,000 after acquiring an additional 2,497 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens began coverage on Regional Management in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price objective on the stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.