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 stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $32.80, for a total transaction of $247,804.00. Following the completion of the sale, the insider now directly owns 1,043,618 shares of the company’s stock, valued at $34,230,670.40. This trade represents 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. Major 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 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 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 value of $177,550.00.

Regional Management Price Performance

Shares of RM stock opened at $31.53 on Friday. The firm has a fifty day moving average of $32.13 and a two-hundred day moving average of $31.20. 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 1-year low of $20.50 and a 1-year high of $35.24. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick 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. This represents a $1.20 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Institutional Trading of Regional Management

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tieton Capital Management LLC increased its holdings in shares of Regional Management by 94.1% in 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. Renaissance Technologies LLC increased its stake in Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after purchasing an additional 1,800 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 6,288 shares during the period. State Street Corp lifted its position in shares of Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after buying an additional 971 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Regional Management by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock valued at $3,208,000 after buying an additional 5,588 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Ratings Changes

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