Key Points
- Major shareholder Fund L.P. Forager sold 18,294 shares of Regional Management on Jan. 8 at an average price of $38.79 for $709,624, and following that transaction directly owned 1,042,133 shares valued at about $40.4 million.
- Aggregate insider sales early this month totaled 64,526 shares (Jan. 2–9), generating roughly $2.52 million in proceeds across multiple trades.
- Company fundamentals: RM trades near $39 with a market cap of $380.1M and a P/E of 9.48; it recently beat quarterly EPS/revenue estimates and pays a $0.30 quarterly dividend (3.1% yield, 29% payout ratio).
Regional Management Corp. (NYSE:RM - Get Free Report) major shareholder Fund L.P. Forager sold 300 shares of the firm's stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $39.05, for a total value of $11,715.00. Following the transaction, the insider owned 1,060,427 shares of the company's stock, valued at $41,409,674.35. This represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Fund L.P. Forager also recently made the following trade(s):
- On Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The shares were sold at an average price of $38.96, for a total transaction of $840,016.56.
- On Thursday, January 8th, Fund L.P. Forager sold 18,294 shares of Regional Management stock. The shares were sold at an average price of $38.79, for a total transaction of $709,624.26.
- On Tuesday, January 6th, Fund L.P. Forager sold 7,576 shares of Regional Management stock. The stock was sold at an average price of $38.88, for a total transaction of $294,554.88.
- On Monday, January 5th, Fund L.P. Forager sold 8,827 shares of Regional Management stock. The shares were sold at an average price of $40.09, for a total transaction of $353,874.43.
- On Friday, January 2nd, Fund L.P. Forager sold 7,968 shares of Regional Management stock. The shares were sold at an average price of $38.93, for a total value of $310,194.24.
Regional Management Trading Up 0.4%
Regional Management stock opened at $39.15 on Friday. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $46.00. The firm has a 50-day moving average price of $38.49 and a 200-day moving average price of $37.91. The firm has a market capitalization of $380.13 million, a PE ratio of 9.48 and a beta of 1.07.
Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.03. The firm had revenue of $165.49 million for the quarter, compared to analysts' expectations of $162.84 million. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. As a group, sell-side analysts predict that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.
Regional Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. Regional Management's dividend payout ratio (DPR) is 29.06%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Zacks Research upgraded Regional Management from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Regional Management in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Regional Management from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 3rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $30.00.
View Our Latest Research Report on Regional Management
Institutional Investors Weigh In On Regional Management
Several institutional investors have recently added to or reduced their stakes in RM. SG Americas Securities LLC purchased a new stake in shares of Regional Management during the fourth quarter worth about $112,000. Advisory Services Network LLC acquired a new stake in Regional Management in the 3rd quarter worth approximately $39,000. Jacobs Levy Equity Management Inc. grew its position in Regional Management by 17.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 70,086 shares of the credit services provider's stock worth $2,731,000 after purchasing an additional 10,595 shares during the last quarter. Wexford Capital LP acquired a new position in Regional Management during the 3rd quarter valued at approximately $32,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Regional Management by 36.8% in the third quarter. Public Employees Retirement System of Ohio now owns 4,910 shares of the credit services provider's stock worth $191,000 after buying an additional 1,320 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company's stock.
About Regional Management
(
Get Free Report)
Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.
The company's core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.
Recommended Stories

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].