Tudor Investment Corp ET AL Purchases New Stake in Regional Management Corp. (RM)

Tudor Investment Corp ET AL purchased a new position in shares of Regional Management Corp. (NYSE:RM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,264 shares of the credit services provider’s stock, valued at approximately $219,000. Tudor Investment Corp ET AL owned approximately 0.08% of Regional Management Corp. at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Teachers Advisors LLC grew its stake in shares of Regional Management Corp. by 0.9% in the 2nd quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock valued at $403,000 after buying an additional 152 shares during the period. Signia Capital Management LLC boosted its stake in Regional Management Corp. by 0.3% during the 2nd quarter. Signia Capital Management LLC now owns 81,724 shares of the credit services provider’s stock valued at $1,931,000 after purchasing an additional 240 shares during the last quarter. American International Group Inc. boosted its stake in Regional Management Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 430 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Regional Management Corp. by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 42,866 shares of the credit services provider’s stock valued at $833,000 after purchasing an additional 509 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in Regional Management Corp. by 9.5% during the 2nd quarter. Eagle Global Advisors LLC now owns 14,373 shares of the credit services provider’s stock valued at $340,000 after purchasing an additional 1,241 shares during the last quarter. 86.75% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have issued reports on RM. Stephens began coverage on Regional Management Corp. in a research note on Wednesday, August 23rd. They set an “equal weight” rating and a $25.00 price target for the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 price target on shares of Regional Management Corp. in a research note on Friday, July 14th. BMO Capital Markets lifted their price target on Regional Management Corp. from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded Regional Management Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, DA Davidson restated a “neutral” rating and issued a $27.00 target price on shares of Regional Management Corp. in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Regional Management Corp. currently has an average rating of “Hold” and a consensus target price of $25.83.

Regional Management Corp. (NYSE:RM) opened at 24.57 on Wednesday. The stock’s 50 day moving average is $23.44 and its 200 day moving average is $22.30. The company has a market capitalization of $286.29 million, a P/E ratio of 10.79 and a beta of 1.37. Regional Management Corp. has a 52 week low of $18.31 and a 52 week high of $27.56.

Regional Management Corp. (NYSE:RM) last released its quarterly earnings results on Tuesday, August 1st. The credit services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. Regional Management Corp. had a net margin of 10.37% and a return on equity of 12.98%. The firm had revenue of $65.34 million during the quarter, compared to analysts’ expectations of $65.00 million. During the same period in the previous year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities research analysts expect that Regional Management Corp. will post $2.02 earnings per share for the current year.

Regional Management Corp. Company 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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