Insider Selling: Regional Management Corp. (NYSE:RM) Major Shareholder Sells 21,805 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 21,805 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.17, for a total transaction of $701,466.85. Following the transaction, the insider now directly owns 1,021,216 shares of the company’s stock, valued at $32,852,518.72. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Wednesday, January 15th, Fund L.P. Forager sold 16,219 shares of Regional Management stock. The shares were sold at an average price of $34.21, for a total value of $554,851.99.
• 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 value of $19,241.31.
• On Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The stock was 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 transaction of $177,550.00.

Regional Management Price Performance

Shares of NYSE RM opened at $34.97 on Friday. The stock has a fifty day moving average of $32.29 and a 200-day moving average of $31.32. The stock has a market cap 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. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $35.24.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders 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 3.43%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio is presently 50.42%.

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently modified their holdings of RM. SG Americas Securities LLC bought a new stake in Regional Management during the 3rd quarter worth approximately $105,000. JPMorgan Chase & Co. grew its position 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 purchasing an additional 572 shares in the last quarter. Summit Global Investments bought a new position in shares of Regional Management in the third quarter worth $209,000. PDT Partners LLC purchased a new stake in shares of Regional Management in the third quarter worth $213,000. Finally, Hancock Whitney Corp bought a new stake in Regional Management during the second quarter valued at $234,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stephens began 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.

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.