Regional Management Corp. (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 16,219 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 16,219 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $34.21, for a total value of $554,851.99. Following the completion of the transaction, the insider now directly owns 990,894 shares of the company’s stock, valued at $33,898,483.74. This represents a 1.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Monday, January 13th, Fund L.P. Forager sold 21,805 shares of Regional Management stock. The stock was sold at an average price of $32.17, for a total value of $701,466.85.
• 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 transaction of $19,241.31.
• On Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The shares were 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 value of $177,550.00.

Regional Management Stock Up 3.5 %

Shares of Regional Management stock opened at $34.43 on Thursday. The company has a 50-day simple moving average of $32.26 and a two-hundred day simple moving average of $31.30. The stock has a market capitalization of $349.81 million, a PE ratio of 14.47 and a beta of 1.50. Regional Management Corp. has a 52-week low of $20.50 and a 52-week 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.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.49%. Regional Management’s payout ratio is currently 50.42%.

Hedge Funds Weigh In On Regional Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in shares of Regional Management by 3.9% in the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock worth $357,000 after purchasing an additional 463 shares during the last quarter. American Century Companies Inc. raised its position in 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 buying an additional 16,683 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Regional Management by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after acquiring an additional 1,800 shares during the period. Tieton Capital Management LLC boosted its holdings in shares of Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after acquiring an additional 100,560 shares during the last quarter. Finally, Hancock Whitney Corp bought a new stake in shares of Regional Management in the second quarter worth approximately $234,000. 98.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.