Regional Management Corp. (NYSE:RM) Major Shareholder Sells $247,804.00 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,555 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $32.80, for a total value of $247,804.00. Following the sale, the insider now owns 1,043,618 shares in the company, valued at $34,230,670.40. The trade was a 0.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, January 10th, Fund L.P. Forager sold 597 shares of Regional Management stock. The shares were sold at an average price of $32.23, for a total value of $19,241.31.
• 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 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 Stock Performance

NYSE RM traded down $1.26 during trading hours on Friday, hitting $31.53. The company had a trading volume of 38,554 shares, compared to its average volume of 44,142. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The firm has a market cap of $320.44 million, a P/E ratio of 13.25 and a beta of 1.50. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $35.24. The business has a fifty day simple moving average of $32.07 and a 200-day simple moving average of $31.14.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders 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 yield of 3.81%. The ex-dividend date was Thursday, November 21st. Regional Management’s payout ratio is 50.42%.

Institutional Investors Weigh In On Regional Management

Large investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Regional Management by 18.5% in the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after acquiring an additional 16,683 shares during the period. Waterfall Asset Management LLC bought a new stake in shares of Regional Management in the 2nd quarter worth $632,000. Allspring Global Investments Holdings LLC boosted its stake in Regional Management by 50.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock valued at $243,000 after buying an additional 2,497 shares in the last quarter. Geode Capital Management LLC grew its holdings in Regional Management by 3.4% during the third quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock worth $6,276,000 after acquiring an additional 6,288 shares during the period. Finally, Barclays PLC raised its position in Regional Management by 73.4% in the third quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock worth $766,000 after acquiring an additional 9,910 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Ratings Changes

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

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.