Regional Management Corp. (NYSE:RM) Major Shareholder Sells $209,626.90 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 6,265 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $33.46, for a total transaction of $209,626.90. Following the completion of the sale, the insider now owns 1,054,205 shares in the company, valued at $35,273,699.30. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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 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 transaction of $177,550.00.

Regional Management Stock Performance

NYSE RM traded down $0.65 during trading hours on Monday, hitting $33.25. The company had a trading volume of 46,942 shares, compared to its average volume of 51,247. The company has a market cap of $337.92 million, a PE ratio of 13.97 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 business has a 50 day moving average of $31.75 and a 200-day moving average of $31.03. 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 declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.61%. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Hedge Funds Weigh In On Regional Management

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of Regional Management by 15.6% in 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 in the last quarter. Barclays PLC raised its stake in shares of Regional Management by 73.4% during the third quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock valued at $766,000 after purchasing an additional 9,910 shares in the last quarter. Geode Capital Management LLC lifted 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 stake in shares of Regional Management by 0.6% during the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after acquiring an additional 971 shares during the period. Finally, PDT Partners LLC bought a new position in Regional Management during the 3rd quarter valued at $213,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

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

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.