Forager Fund, L.P., a significant shareholder in Regional Management Corp . (NYSE:RM), recently sold a substantial portion of its holdings in the company. The transactions, which took place over three consecutive days, involved the sale of 52,127 shares of common stock at prices ranging from $32.1685 to $34.2051 per share. The total value of these sales amounted to approximately $1.72 million. The stock, currently trading at $34.48 with a market capitalization of $350 million, is approaching its 52-week high of $35.24. According to InvestingPro analysis, the company maintains a strong financial health score and appears slightly overvalued at current levels.
The shares were sold in three separate transactions: 21,805 shares on January 13, 14,103 shares on January 14, and 16,219 shares on January 15. Following these transactions, Forager Fund, L.P. holds 990,894 shares in the company. The fund, along with its principals Edward Kissel and Robert MacArthur, maintains shared authority over the voting and disposal of these shares. Trading at a P/E ratio of 13.9x, Regional Management's strong liquidity position and solid financial metrics are available in detail through InvestingPro's comprehensive research reports, which cover over 1,400 US stocks.
In other recent news, Regional Management Corp. has announced a stock repurchase program of up to $30 million, demonstrating its strong financial health and confidence in future prospects. The company's growth expectations for 2025 include a targeted increase in ending net receivables of 10% to 12%, up from 6% in 2024, attributed to positive credit performance and favorable macroeconomic conditions. In addition, Regional Management Corp. is planning to expand its footprint to new states, with a focus on its auto-secured and small loan portfolios.
The company also held an earnings conference call where it discussed its third-quarter financial performance and future business prospects. During the call, Regional Management Corp. communicated a cautious outlook, acknowledging the unpredictable nature of the market and other external factors. However, it remains focused on navigating dynamic market conditions and adapting its strategies for upcoming quarters.
These recent developments provide a glimpse into the company's strategic moves and financial health. It's worth noting that the timing and volume of the repurchases under the stock buyback program will depend on various factors, including market conditions, legal requirements, and share price. The program may be modified, suspended, or discontinued at any time without prior notice.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.