Insider Buying: Regional Management Corp. (NYSE:RM) Major Shareholder Purchases 12,246 Shares of Stock

Regional Management Corp. (NYSE:RM - Get Free Report) major shareholder Fund L.P. Forager purchased 12,246 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $29.05 per share, for a total transaction of $355,746.30. Following the acquisition, the insider now directly owns 1,052,715 shares of the company's stock, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's stock 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 acquired at an average cost of $29.05 per share, with a total value of $697.20.
• On Tuesday, June 10th, Fund L.P. Forager purchased 12,754 shares of Regional Management stock. The shares were acquired at an average cost of $28.20 per share, for a total transaction of $359,662.80.
• On Monday, June 9th, Fund L.P. Forager acquired 11,058 shares of Regional Management stock. The stock was acquired at an average cost of $27.73 per share, with a total value of $306,638.34.

Regional Management Stock Up 1.8%

RM traded up $0.50 during trading on Friday, reaching $28.18. 80,616 shares of the stock traded hands, compared to its average volume of 37,215. The company has a debt-to-equity ratio of 4.11, a current ratio of 45.13 and a quick ratio of 45.13. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $37.52. The stock's 50-day simple moving average is $29.05 and its two-hundred day simple moving average is $31.71. The stock has a market cap of $279.57 million, a price-to-earnings ratio of 8.54 and a beta of 1.17.

Regional Management (NYSE:RM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $152.97 million during the quarter, compared to analysts' expectations of $153.59 million. Regional Management had a return on equity of 10.57% and a net margin of 5.53%. As a group, equities research analysts expect that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE acquired a new position in Regional Management during the first quarter worth $31,000. Tower Research Capital LLC TRC boosted its stake in shares of Regional Management by 49.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock worth $35,000 after acquiring an additional 339 shares in the last quarter. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 301 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $163,000 after acquiring an additional 390 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Regional Management by 3,899.2% in the 1st quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock valued at $170,000 after acquiring an additional 4,991 shares in the last quarter. Institutional investors own 98.89% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RM shares. Wall Street Zen downgraded 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 on the stock in a research note on Friday, May 2nd.

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.