Chicago Equity Partners LLC Sells 37,325 Shares of Regional Management Corp. (RM)

Chicago Equity Partners LLC cut its holdings in shares of Regional Management Corp. (NYSE:RM) by 62.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,915 shares of the credit services provider’s stock after selling 37,325 shares during the quarter. Chicago Equity Partners LLC owned about 0.20% of Regional Management Corp. worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its position in Regional Management Corp. by 73.4% during the second quarter. Prudential Financial Inc. now owns 79,393 shares of the credit services provider’s stock worth $1,876,000 after buying an additional 33,600 shares during the period. American Century Companies Inc. lifted its position in Regional Management Corp. by 3.6% during the second quarter. American Century Companies Inc. now owns 166,902 shares of the credit services provider’s stock worth $3,944,000 after buying an additional 5,795 shares during the period. Bank of New York Mellon Corp lifted its position in Regional Management Corp. by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 84,264 shares of the credit services provider’s stock worth $1,991,000 after buying an additional 11,486 shares during the period. Algert Global LLC purchased a new position in Regional Management Corp. during the second quarter worth about $234,000. Finally, Eagle Global Advisors LLC lifted its position in Regional Management Corp. by 9.5% during the second quarter. Eagle Global Advisors LLC now owns 14,373 shares of the credit services provider’s stock worth $340,000 after buying an additional 1,241 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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Several equities analysts recently weighed in on the company. TheStreet upgraded Regional Management Corp. from a “c+” rating to a “b-” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 target price on shares of Regional Management Corp. in a research report on Friday, July 14th. BidaskClub downgraded Regional Management Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine downgraded Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, BMO Capital Markets increased their target price on Regional Management Corp. from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.71.

Shares of Regional Management Corp. (NYSE RM) opened at 22.35 on Tuesday. Regional Management Corp. has a 52 week low of $18.31 and a 52 week high of $27.56. The firm’s 50-day moving average price is $22.98 and its 200 day moving average price is $21.59. The firm has a market capitalization of $260.42 million, a price-to-earnings ratio of 9.82 and a beta of 1.36.

Regional Management Corp. (NYSE:RM) last released its quarterly earnings data on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The firm had revenue of $65.34 million during the quarter, compared to analysts’ expectations of $65 million. Regional Management Corp. had a return on equity of 12.98% and a net margin of 10.37%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. On average, analysts anticipate that Regional Management Corp. will post $2.02 EPS for the current year.

Regional Management Corp. Profile

Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

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Institutional Ownership by Quarter for Regional Management Corp. (NYSE:RM)

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