Fund L.P. Forager Sells 9,064 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 9,064 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $32.19, for a total transaction of $291,770.16. Following the transaction, the insider directly owned 929,537 shares of the company’s stock, valued at approximately $29,921,796.03. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Thursday, September 17th, Fund L.P. Forager sold 10,401 shares of Regional Management stock. The shares were sold at an average price of $32.22, for a total transaction of $335,120.22.
• On Tuesday, September 15th, Fund L.P. Forager sold 9,857 shares of Regional Management stock. The stock was sold at an average price of $32.26, for a total transaction of $317,986.82.

Regional Management Stock Performance

NYSE:RM opened at $31.39 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 64.04 and a current ratio of 64.04. The stock has a market capitalization of $289.68 million, a P/E ratio of 6.61 and a beta of 1.00. The company has a 50 day moving average price of $35.36 and a 200 day moving average price of $35.79. Regional Management Corp. has a fifty-two week low of $30.46 and a fifty-two week high of $45.73.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.The company had revenue of $168.01 million for the quarter, compared to analyst estimates of $165.69 million.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. Regional Management’s payout ratio is presently 25.26%.

Institutional Trading of Regional Management

A number of large investors have recently modified their holdings of RM. Susquehanna Fundamental Investments LLC purchased a new position in Regional Management in the second quarter valued at $266,000. Empowered Funds LLC purchased a new stake in Regional Management during the 2nd quarter worth about $2,691,000. Public Employees Retirement System of Ohio acquired a new stake in Regional Management in the 2nd quarter valued at about $327,000. Bank of America Corp DE acquired a new stake in Regional Management in the 2nd quarter valued at about $591,000. Finally, Basswood Capital Management L.L.C. purchased a new position in shares of Regional Management in the 2nd quarter valued at about $35,244,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on RM. Weiss Ratings lowered Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Citigroup reiterated a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Citizens Jmp reduced their price target on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of Regional Management from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Regional Management Company Profile

Regional Management Corp. is a specialty consumer finance company that provides credit products to customers who may have limited access to traditional bank financing. The company operates primarily through its Regional Finance branch network and focuses on serving non-prime consumers.

Its principal products include small and large installment loans, generally used for personal, household and other consumer purposes. Regional Management may also offer optional credit-related insurance and ancillary products in connection with its loans, subject to applicable laws and regulations.

Founded in 1987 and headquartered in Greer, South Carolina, the company serves customers across a network of branches concentrated in the southeastern and southwestern United States.