Regional Management Corp. (NYSE:RM) Major Shareholder Buys $306,638.34 in Stock

Regional Management Corp. (NYSE:RM - Get Free Report) major shareholder Fund L.P. Forager bought 11,058 shares of Regional Management stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average cost of $27.73 per share, for a total transaction of $306,638.34. Following the purchase, the insider now owns 1,003,482 shares in the company, valued at $27,826,555.86. This represents a 1.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 bought 24 shares of Regional Management stock. The stock was bought at an average cost of $29.05 per share, for a total transaction 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.

Regional Management Trading Down 2.9%

Shares of RM stock traded down $0.84 on Friday, reaching $28.16. 76,286 shares of the stock were exchanged, compared to its average volume of 36,805. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The stock has a market cap of $279.38 million, a P/E ratio of 6.77 and a beta of 1.17. The firm 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 issued its earnings results on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $152.97 million for the quarter, compared to analyst estimates of $153.59 million. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. On average, research analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. US Bancorp DE purchased a new position in shares of Regional Management in the 1st quarter worth $31,000. Tower Research Capital LLC TRC raised its position in shares of 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 worth $35,000 after buying an additional 339 shares during the period. BNP Paribas Financial Markets increased its holdings in Regional Management by 16.2% in the 4th quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. SG Americas Securities LLC increased its holdings in Regional Management by 38.0% in the 4th quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider's stock valued at $150,000 after purchasing an additional 1,218 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Regional Management by 8.9% in 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 purchasing an additional 390 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price target on 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. Wall Street Zen lowered Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 4th.

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.