Fund L.P. Forager Acquires 12,246 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM - Get Free Report) major shareholder Fund L.P. Forager bought 12,246 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $29.05 per share, with a total value of $355,746.30. Following the completion of the purchase, the insider now owns 1,052,715 shares in the company, valued at approximately $30,581,370.75. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Wednesday, June 11th, Fund L.P. Forager bought 24 shares of Regional Management stock. The stock was purchased at an average price of $29.05 per share, with a total value of $697.20.
• On Tuesday, June 10th, Fund L.P. Forager acquired 12,754 shares of Regional Management stock. The shares were bought at an average price of $28.20 per share, with a total value of $359,662.80.
• On Monday, June 9th, Fund L.P. Forager acquired 11,058 shares of Regional Management stock. The shares were bought at an average price of $27.73 per share, with a total value of $306,638.34.

Regional Management Trading Up 0.1%

Shares of RM stock opened at $28.18 on Tuesday. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The firm has a market cap of $279.57 million, a PE ratio of 6.77 and a beta of 1.17. The company has a 50-day moving average of $29.23 and a two-hundred day moving average of $31.80. Regional Management Corp. has a 1-year low of $25.41 and a 1-year high of $37.52.

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

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.26%. Regional Management's dividend payout ratio (DPR) is 36.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RM shares. Wall Street Zen lowered shares of Regional Management from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 4th. Keefe, Bruyette & Woods dropped their price objective on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Friday, May 2nd.

Institutional Trading of Regional Management

Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in Regional Management during the first quarter worth approximately $31,000. Tower Research Capital LLC TRC grew its position in Regional Management by 49.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock valued at $35,000 after buying an additional 339 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Regional Management by 16.2% during the 4th quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock worth $73,000 after purchasing an additional 301 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Regional Management by 8.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider's stock worth $163,000 after purchasing an additional 390 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Regional Management by 3,899.2% during the 1st quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock worth $170,000 after purchasing an additional 4,991 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company's stock.

About Regional Management

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.

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