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 firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $33.46, for a total transaction of $209,626.90. Following the transaction, the insider now directly owns 1,054,205 shares of the company’s stock, valued at $35,273,699.30. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 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 Price Performance

Shares of NYSE RM opened at $33.25 on Tuesday. The company has a market capitalization of $337.92 million, a PE ratio of 13.97 and a beta of 1.50. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a twelve month low of $20.50 and a twelve month high of $35.24. The firm has a fifty day simple moving average of $31.83 and a 200 day simple moving average of $31.07.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tieton Capital Management LLC increased its holdings in Regional Management by 94.1% in the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after purchasing an additional 100,560 shares in the last quarter. Waterfall Asset Management LLC bought a new stake in shares of Regional Management in the 2nd quarter valued at $632,000. American Century Companies Inc. lifted its position in shares of Regional Management by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after acquiring an additional 16,683 shares during the period. Marshall Wace LLP bought a new position in Regional Management during the second quarter worth $366,000. Finally, GSA Capital Partners LLP acquired a new stake in Regional Management in the third quarter worth $338,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.