These are top 10 stocks traded on the Robinhood UK platform in July
Following these transactions, Forager Fund retains ownership of 1,043,021 shares in Regional Management. The shares were sold in multiple transactions, with the prices reflecting weighted averages. InvestingPro analysis suggests the stock is currently fairly valued, with analysts setting price targets between $33 and $40. The company offers a 3.66% dividend yield and maintains robust profitability metrics. The fund, along with its principals, Edward Kissel and Robert MacArthur, maintains shared authority over the voting and disposal of these shares. Both individuals have disclaimed beneficial ownership except for their pecuniary interests.
Following these transactions, Forager Fund retains ownership of 1,043,021 shares in Regional Management. The shares were sold in multiple transactions, with the prices reflecting weighted averages. InvestingPro analysis suggests the stock is currently fairly valued, with analysts setting price targets between $33 and $40. The company offers a 3.66% dividend yield and maintains robust profitability metrics. The fund, along with its principals, Edward Kissel and Robert MacArthur, maintains shared authority over the voting and disposal of these shares. Both individuals have disclaimed beneficial ownership except for their pecuniary interests.
In other recent news, Regional Management Corp (NYSE:RM). has announced a stock repurchase program, planning to buy back up to $30 million of its outstanding common stock. The authorization is effective immediately and set to continue through 2026. This repurchase program is part of the company's strategy to manage its capital and return value to shareholders.
In addition to this, Regional Management Corp. has outlined its growth expectations for 2025, targeting a 10% to 12% increase in ending net receivables. The company is also planning to expand its footprint by opening up to 20 new branches in 2025.
On an earnings call, the company discussed its Q3 2024 performance and future business prospects. The management communicated a cautious outlook, highlighting that the company's future financial performance is subject to various factors. These are the recent developments for Regional Management Corp.
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