Nationwide Fund Advisors held its position in Regional Management Corp. (NYSE:RM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,020 shares of the credit services provider’s stock at the close of the second quarter. Nationwide Fund Advisors owned 0.08% of Regional Management Corp. worth $213,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American International Group Inc. increased its position 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 period. UBS Group AG grew its position in shares of Regional Management Corp. by 115.0% in the 1st quarter. UBS Group AG now owns 7,137 shares of the credit services provider’s stock worth $138,000 after buying an additional 3,818 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Regional Management Corp. in the 1st quarter worth approximately $165,000. Algert Global LLC purchased a new position in shares of Regional Management Corp. in the 2nd quarter worth approximately $234,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Regional Management Corp. in the 2nd quarter worth approximately $243,000. 86.78% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on RM. BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Regional Management Corp. in a research report on Sunday. Stephens began coverage on shares of Regional Management Corp. in a research report on Wednesday, August 23rd. They issued an “equal weight” rating and a $25.00 price objective on the stock. Zacks Investment Research downgraded shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday. DA Davidson reaffirmed a “neutral” rating and issued a $27.00 price objective on shares of Regional Management Corp. in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Regional Management Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.83.
Shares of Regional Management Corp. (RM) opened at $22.09 on Wednesday. The firm has a market cap of $262.74, a P/E ratio of 9.62 and a beta of 1.40. Regional Management Corp. has a 12-month low of $18.31 and a 12-month high of $27.56. The company has a debt-to-equity ratio of 2.34, a quick ratio of 39.39 and a current ratio of 39.39.
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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