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

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 16,219 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $34.21, for a total transaction of $554,851.99. Following the completion of the sale, the insider now directly owns 990,894 shares in the company, valued at $33,898,483.74. This trade represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock 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 stock was 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 value 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 value 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 1.4 %

Shares of RM stock opened at $34.97 on Friday. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $35.24. The firm has a market capitalization of $355.24 million, a PE ratio of 14.69 and a beta of 1.50. 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 stock’s 50-day simple moving average is $32.29 and its 200-day simple moving average is $31.32.

Regional Management Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.43%. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Regional Management

A number of institutional investors have recently bought and sold shares of RM. SG Americas Securities LLC purchased a new position in shares of Regional Management during the third quarter worth $105,000. JPMorgan Chase & Co. raised its stake in shares of Regional Management by 15.6% during the 3rd 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 acquired a new position in shares of Regional Management in the 3rd quarter valued at about $209,000. PDT Partners LLC purchased a new stake in shares of Regional Management in the third quarter worth about $213,000. Finally, Hancock Whitney Corp acquired a new stake in Regional Management during the second quarter worth about $234,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

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.