Key Points
- Fund L.P. Forager sold 5,788 shares of Regional Management on April 21 at an average price of $40.18 for a total of $232,561.84, trimming its stake to 953,475 shares (~$38.31M) after multiple other share sales earlier in April.
- RM stock is down about 3.9%, trades in a 12‑month range of $26.06–$46.00 with a market cap near $356.6M and a P/E of 8.59, pays an annual dividend of $1.20 (≈3.1% yield), and carries a consensus analyst rating of Hold with a $30 target.
Regional Management Corp. (NYSE:RM - Get Free Report) major shareholder Fund L.P. Forager sold 5,788 shares of Regional Management stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $40.18, for a total value of $232,561.84. Following the transaction, the insider directly owned 953,475 shares in the company, valued at approximately $38,310,625.50. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Monday, April 20th, Fund L.P. Forager sold 15,000 shares of Regional Management stock. The shares were sold at an average price of $39.68, for a total value of $595,200.00.
- On Friday, April 17th, Fund L.P. Forager sold 7,173 shares of Regional Management stock. The shares were sold at an average price of $38.56, for a total value of $276,590.88.
- On Thursday, April 16th, Fund L.P. Forager sold 12,827 shares of Regional Management stock. The shares were sold at an average price of $38.48, for a total value of $493,582.96.
- On Wednesday, April 15th, Fund L.P. Forager sold 17,602 shares of Regional Management stock. The shares were sold at an average price of $38.06, for a total value of $669,932.12.
- On Tuesday, April 14th, Fund L.P. Forager sold 7,398 shares of Regional Management stock. The shares were sold at an average price of $38.02, for a total value of $281,271.96.
Regional Management Stock Down 3.9%
RM stock opened at $38.23 on Wednesday. Regional Management Corp. has a twelve month low of $26.06 and a twelve month high of $46.00. The company has a quick ratio of 49.92, a current ratio of 49.92 and a debt-to-equity ratio of 4.40. The stock has a market cap of $356.64 million, a P/E ratio of 8.59 and a beta of 1.03. The business's 50-day moving average price is $33.79 and its 200-day moving average price is $36.74.
Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.07. Regional Management had a return on equity of 12.12% and a net margin of 6.88%.The firm had revenue of ($165.49) million for the quarter, compared to analysts' expectations of $167.90 million.
Regional Management Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 19th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. Regional Management's payout ratio is currently 26.97%.
Analysts Set New Price Targets
A number of research analysts recently commented on RM shares. Zacks Research raised Regional Management from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Wall Street Zen cut Regional Management from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Regional Management in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.00.
Read Our Latest Analysis on Regional Management
Institutional Trading of Regional Management
A number of large investors have recently added to or reduced their stakes in the company. Basswood Capital Management L.L.C. increased its stake in Regional Management by 0.4% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider's stock worth $29,920,000 after acquiring an additional 4,491 shares during the last quarter. LSV Asset Management increased its stake in Regional Management by 7.7% in the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider's stock worth $13,130,000 after acquiring an additional 24,232 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Regional Management by 15.8% during the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider's stock valued at $9,422,000 after purchasing an additional 33,200 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Regional Management by 9.9% during the 4th quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider's stock valued at $8,454,000 after purchasing an additional 19,600 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Regional Management by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider's stock valued at $6,186,000 after purchasing an additional 12,740 shares during the last quarter. Institutional investors 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.
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