Regional Management Corp. (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 7,555 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,555 shares of the business’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 completion of the sale, the insider now owns 1,043,618 shares of the company’s stock, valued at $34,230,670.40. The trade was a 0.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $33.50, for a total transaction of $177,550.00.

Regional Management Stock Down 3.8 %

Shares of Regional Management stock opened at $31.53 on Friday. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a 12-month low of $20.50 and a 12-month high of $35.24. The company has a market cap of $320.44 million, a P/E ratio of 13.25 and a beta of 1.50. The company’s fifty day simple moving average is $32.07 and its two-hundred day simple moving average is $31.14.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Hedge Funds Weigh In On Regional Management

A number of institutional investors have recently bought and sold shares of RM. JPMorgan Chase & Co. grew its holdings 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 worth $138,000 after acquiring an additional 572 shares during the period. Barclays PLC grew its position in shares of Regional Management by 73.4% in the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock worth $766,000 after buying an additional 9,910 shares during the period. Geode Capital Management LLC grew its holdings in Regional Management by 3.4% in 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 increased its position in Regional Management by 0.6% during the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after buying an additional 971 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Regional Management during the third quarter valued at $213,000. 98.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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