Forager Fund, L.P., together with its general partner Forager Capital Management, LLC and principals Edward Urban Kissel and Robert Symmes MacArthur, reported that they sold common stock of Regional Management Corp. (NYSE: RM) totaling approximately $1,104,352.
The dispositions took place between April 17 and April 21, 2026. The combined total of shares sold was 27,961, executed at weighted average prices that ranged from $38.56 per share to $40.18 per share.
Transaction detail
- On April 17, the reporting parties sold 7,173 shares at a weighted average price of $38.56 per share. Individual sale prices reported for that date ranged from $38.35 to $39.04.
- On April 20, they sold 15,000 shares at a weighted average price of $39.68 per share, with transaction prices on that day between $39.40 and $40.105.
- On April 21, they sold 5,788 shares at a weighted average price of $40.18 per share. The individual sale prices for that date were in the $40.05 to $40.39 band.
The aggregate proceeds from those sales are listed at about $1,104,352.
Ownership and voting authority
Forager Fund, L.P. is the direct holder of the reported shares. Forager Capital Management, LLC serves as the general partner of the Fund, while Messrs. Kissel and MacArthur are principals of that general partner. The reporting parties share authority to vote and dispose of the Fund's shares on behalf of the general partner. Following the transactions described above, the reporting persons collectively retain ownership of 953,475 shares of Regional Management common stock.
Market context and company metrics
At the time of the filings, Regional Management shares were trading near $38.27. The stock has returned approximately 31% over the last 12 months. The company’s market capitalization is reported at $359 million and the shares trade at a price-to-earnings ratio of 8.7.
Analysis from InvestingPro cited in the filings indicates that RM's relative strength index, or RSI, points toward overbought territory. The platform is noted as also offering five additional ProTips for RM investors, along with a full Fair Value assessment and financial health measures.
Recent corporate developments
Regional Management reported fourth-quarter 2025 results that exceeded analyst estimates. The company posted earnings per share of $1.30 versus the projected $1.27, and revenue of $169.7 million compared with a $164.1 million forecast.
In a separate business development, Regional Management announced a partnership with Column N.A., a nationally chartered bank, to expand its secured and unsecured installment lending products in selected states. The collaboration was described as part of the company’s growth and market expansion efforts.
On the analyst front, Citizens maintained its Market Perform rating on Regional Management shares. David Scharf of Citizens revised his 2026 earnings per share forecast for the company from $6.09 to $5.44, attributing the reduction to higher-than-expected charge-off rates and lower portfolio yields.
What the filings show and what they do not
The filings record the identities of the reporting entities and principals, the precise share counts and price ranges for each reporting date, and the post-transaction share total. They do not provide additional commentary on the rationale for the sales beyond the numerical disclosures, nor do they include further forward-looking guidance from the reporting parties.
Investors reviewing these disclosures have clear transactional detail and recent company performance metrics to factor into any assessment, but the filings themselves do not state the motivations behind the dispositions.
Note: This article presents the reported transactions, company financial metrics and recent corporate developments as disclosed in the filings and company reports.