Regional Management Corp. (NYSE:RM) Major Shareholder Purchases $359,662.80 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager bought 12,754 shares of Regional Management stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average price of $28.20 per share, with a total value of $359,662.80. Following the acquisition, the insider now directly owns 1,016,236 shares of the company’s stock, valued at approximately $28,657,855.20. This represents a 1.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large 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 Wednesday, June 11th, Fund L.P. Forager acquired 24 shares of Regional Management stock. The shares were purchased at an average price of $29.05 per share, with a total value of $697.20.
• On Monday, June 9th, Fund L.P. Forager acquired 11,058 shares of Regional Management stock. The shares were purchased at an average price of $27.73 per share, with a total value of $306,638.34.

Regional Management Trading Down 2.9%

Shares of NYSE:RM opened at $28.16 on Friday. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $37.52. The company has a market cap of $279.38 million, a P/E ratio of 6.77 and a beta of 1.17. The stock’s 50-day moving average is $29.23 and its 200-day moving average is $31.80. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. The business had revenue of $152.97 million for the quarter, compared to the consensus estimate of $153.59 million. Equities research analysts predict that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Wednesday, May 21st. Regional Management’s dividend payout ratio is 36.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Regional Management by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider’s stock valued at $15,449,000 after purchasing an additional 1,205 shares in the last quarter. Twin Lions Management LLC acquired a new position in shares of Regional Management in the 4th quarter valued at $11,157,000. Tieton Capital Management LLC grew its holdings in shares of Regional Management by 23.5% in the 4th quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider’s stock valued at $8,673,000 after buying an additional 48,541 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Regional Management by 10.6% in the 4th quarter. Renaissance Technologies LLC now owns 228,937 shares of the credit services provider’s stock valued at $7,779,000 after buying an additional 21,990 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Regional Management by 45.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock valued at $5,853,000 after buying an additional 60,744 shares during the period. Institutional investors own 98.89% of the company’s stock.

Analyst Ratings Changes

RM has been the topic of several analyst reports. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 4th. Keefe, Bruyette & Woods lowered their target price on shares of Regional Management from $33.00 to $30.00 and set a “market perform” rating on the stock in a research report on Friday, May 2nd.

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.