Wedge Capital Management L L P NC Boosts Position in Regional Management Corp (RM)

Wedge Capital Management L L P NC increased its position in shares of Regional Management Corp (NYSE:RM) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,420 shares of the credit services provider’s stock after acquiring an additional 5,444 shares during the period. Wedge Capital Management L L P NC owned about 0.50% of Regional Management worth $1,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. California Public Employees Retirement System raised its position in Regional Management by 13.3% in the 1st quarter. California Public Employees Retirement System now owns 39,306 shares of the credit services provider’s stock valued at $1,252,000 after purchasing an additional 4,606 shares in the last quarter. Acadian Asset Management LLC raised its position in Regional Management by 119.0% in the 2nd quarter. Acadian Asset Management LLC now owns 46,996 shares of the credit services provider’s stock valued at $1,646,000 after purchasing an additional 25,541 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Regional Management by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 59,547 shares of the credit services provider’s stock valued at $2,085,000 after purchasing an additional 8,154 shares in the last quarter. First Trust Advisors LP raised its position in Regional Management by 19.7% in the 2nd quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock valued at $378,000 after purchasing an additional 1,775 shares in the last quarter. Finally, Mackay Shields LLC acquired a new stake in Regional Management in the 2nd quarter valued at about $284,000. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Regional Management from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded Regional Management from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. BMO Capital Markets increased their price objective on Regional Management from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, August 2nd. Stephens reiterated a “hold” rating and issued a $37.00 price objective on shares of Regional Management in a report on Wednesday, August 1st. Finally, TheStreet downgraded Regional Management from a “b” rating to a “c+” rating in a report on Monday, July 16th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $34.60.

RM opened at $29.36 on Thursday. Regional Management Corp has a one year low of $21.50 and a one year high of $37.21. The stock has a market capitalization of $344.40 million, a PE ratio of 12.99 and a beta of 0.81. The company has a current ratio of 47.26, a quick ratio of 47.26 and a debt-to-equity ratio of 2.28.

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About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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

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