Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 500 Shares

Key Points

  • Fund L.P. Forager sold about 65,835 shares of Regional Management across Jan. 2–13 for roughly $2.57 million (including a 500‑share sale on Jan. 12 at $39.25), leaving it with 1,020,072 shares valued at about $40.04 million.
  • Regional Management trades near $38 with a market cap of $368.6M and a P/E of 9.19, pays a $0.30 quarterly dividend (annualized yield ~3.2%), and has a MarketBeat consensus rating of Hold with an average target of $30.00.

Regional Management Corp. (NYSE:RM - Get Free Report) major shareholder Fund L.P. Forager sold 500 shares of the firm's stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $39.25, for a total transaction of $19,625.00. Following the transaction, the insider owned 1,020,072 shares of the company's stock, valued at approximately $40,037,826. The trade was a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 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 Tuesday, January 13th, Fund L.P. Forager sold 809 shares of Regional Management stock. The shares were sold at an average price of $38.62, for a total value of $31,243.58.
  • 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 value of $709,624.26.
  • On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The shares were sold at an average price of $39.05, for a total value of $11,715.00.
  • 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 value of $353,874.43.
  • On Friday, January 2nd, Fund L.P. Forager sold 7,968 shares of Regional Management stock. The stock was sold at an average price of $38.93, for a total transaction of $310,194.24.

Regional Management Stock Down 1.1%




Shares of RM opened at $37.97 on Thursday. Regional Management Corp. has a twelve month low of $25.41 and a twelve month high of $46.00. The stock has a market cap of $368.64 million, a PE ratio of 9.19 and a beta of 1.07. The business's 50-day moving average price is $38.37 and its 200-day moving average price is $38.16.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. Regional Management had a return on equity of 11.43% and a net margin of 6.57%.The firm had revenue of $165.49 million for the quarter, compared to analysts' expectations of $162.84 million. Analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders 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 yield of 3.2%. Regional Management's dividend payout ratio is presently 29.06%.

Institutional Trading of Regional Management

Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in Regional Management by 41.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider's stock valued at $28,000 after acquiring an additional 276 shares during the period. Wexford Capital LP bought a new position in Regional Management in the third quarter worth approximately $32,000. Advisory Services Network LLC purchased a new stake in shares of Regional Management during the 3rd quarter worth $39,000. CWM LLC grew its position in shares of Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider's stock worth $41,000 after buying an additional 324 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Regional Management by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider's stock worth $81,000 after purchasing an additional 648 shares during the last quarter. Institutional investors own 98.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RM shares. Zacks Research upgraded Regional Management from a "strong sell" rating to a "hold" rating in a research note on Monday, January 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of Regional Management in a research report on Monday, December 29th. Finally, Wall Street Zen raised Regional Management from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 3rd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $30.00.

View Our Latest Stock Report on RM

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.

Further Reading

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