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 Regional Management stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $33.46, for a total value of $209,626.90. Following the completion of the transaction, the insider now directly owns 1,054,205 shares of the company’s stock, valued at approximately $35,273,699.30. This represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 shares were sold at an average price of $33.50, for a total transaction of $177,550.00.

Regional Management Trading Down 0.3 %

Shares of NYSE:RM opened at $32.86 on Thursday. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $35.24. The company has a market cap of $333.96 million, a P/E ratio of 13.81 and a beta of 1.50. The stock’s fifty day moving average price is $31.99 and its 200-day moving average price is $31.12.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on shares of Regional Management in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target on the stock.

Institutional Trading of Regional Management

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Regional Management by 15.6% during the third 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 during the last quarter. Barclays PLC raised its stake in Regional Management by 73.4% during the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock valued at $766,000 after buying an additional 9,910 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Regional Management by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock worth $6,276,000 after buying an additional 6,288 shares during the last quarter. State Street Corp boosted its stake in shares of Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after buying an additional 971 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in Regional Management during the third quarter valued at $213,000. Hedge funds and other institutional investors own 98.89% of the company’s 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.