Insider Selling: Regional Management Corp. (NYSE:RM) Major Shareholder Sells 5,300 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 5,300 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00. Following the completion of the sale, the insider now owns 1,080,802 shares in the company, valued at approximately $36,206,867. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, January 6th, Fund L.P. Forager sold 6,265 shares of Regional Management stock. The stock was sold at an average price of $33.46, for a total value of $209,626.90.

Regional Management Trading Down 1.9 %

Shares of NYSE RM traded down $0.65 during midday trading on Monday, hitting $33.25. The company’s stock had a trading volume of 46,942 shares, compared to its average volume of 51,247. The business’s 50 day moving average is $31.75 and its two-hundred day moving average is $31.03. Regional Management Corp. has a 12-month low of $20.50 and a 12-month high of $35.24. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The firm has a market cap of $337.92 million, a P/E ratio of 13.97 and a beta of 1.50.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Analysts Set New Price Targets

Separately, Stephens began coverage on shares of Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RM. SG Americas Securities LLC bought a new position in Regional Management in the 3rd quarter worth about $105,000. JPMorgan Chase & Co. boosted its holdings in shares of Regional Management by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 572 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Regional Management by 81,883.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 4,913 shares in the last quarter. Summit Global Investments purchased a new position in Regional Management during the 3rd quarter worth $209,000. Finally, PDT Partners LLC purchased a new position in Regional Management during the 3rd quarter worth $213,000. 98.89% of the stock is currently owned by institutional investors.

Regional Management Company Profile

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.