Regional Management Corp (RM) Major Shareholder Basswood Capital Management, L Acquires 7,881 Shares

Regional Management Corp (NYSE:RM) major shareholder Basswood Capital Management, L acquired 7,881 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was bought at an average price of $26.40 per share, for a total transaction of $208,058.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Basswood Capital Management, L also recently made the following trade(s):

  • On Tuesday, January 2nd, Basswood Capital Management, L acquired 13,786 shares of Regional Management stock. The stock was bought at an average price of $26.31 per share, for a total transaction of $362,709.66.

Shares of Regional Management Corp (RM) traded up $0.70 during midday trading on Friday, reaching $28.26. 121,635 shares of the company’s stock were exchanged, compared to its average volume of 68,323. Regional Management Corp has a twelve month low of $18.31 and a twelve month high of $28.30. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39. The company has a market capitalization of $321.54, a PE ratio of 13.02 and a beta of 1.38.

Hedge funds and other institutional investors have recently modified their holdings of the business. AJO LP bought a new position in shares of Regional Management in the second quarter worth approximately $3,215,000. Dimensional Fund Advisors LP grew its holdings in shares of Regional Management by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock worth $18,819,000 after purchasing an additional 88,569 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Regional Management by 71.1% in the second quarter. Parametric Portfolio Associates LLC now owns 81,069 shares of the credit services provider’s stock worth $1,916,000 after purchasing an additional 33,694 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Regional Management by 7.1% in the second quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock worth $16,424,000 after purchasing an additional 46,288 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Regional Management by 8.0% in the third quarter. American Century Companies Inc. now owns 180,253 shares of the credit services provider’s stock worth $4,364,000 after purchasing an additional 13,351 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Regional Management in a research report on Monday, January 8th. Jefferies Group reiterated a “buy” rating and set a $33.00 price target on shares of Regional Management in a research report on Thursday. Zacks Investment Research upgraded shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 price target on shares of Regional Management in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

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Regional Management 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.

Insider Buying and Selling by Quarter for Regional Management (NYSE:RM)

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