The Manufacturers Life Insurance Company increased its holdings in Regional Management Corp. (NYSE:RM) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,194 shares of the credit services provider’s stock after purchasing an additional 554 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Regional Management worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its holdings in Regional Management by 11.7% in the second quarter. State Street Corp now owns 194,758 shares of the credit services provider’s stock worth $4,601,000 after buying an additional 20,390 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Regional Management by 35.3% in the second quarter. Goldman Sachs Group Inc. now owns 96,347 shares of the credit services provider’s stock worth $2,277,000 after buying an additional 25,132 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Regional Management in the second quarter worth about $219,000. OxFORD Asset Management LLP lifted its holdings in Regional Management by 4.4% in the second quarter. OxFORD Asset Management LLP now owns 130,206 shares of the credit services provider’s stock worth $3,077,000 after buying an additional 5,498 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 buying an additional 88,569 shares during the period. 86.40% of the stock is currently owned by institutional investors.

Several analysts have commented on RM shares. BidaskClub lowered shares of Regional Management from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. ValuEngine lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Stephens started coverage on shares of Regional Management in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $25.00 price objective for the company. BMO Capital Markets restated a “hold” rating and issued a $25.00 price objective on shares of Regional Management in a report on Sunday, November 12th. Finally, Zacks Investment Research lowered shares of Regional Management from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Regional Management presently has an average rating of “Hold” and an average price target of $26.00.

Regional Management Corp. (NYSE:RM) traded up $0.56 during mid-day trading on Friday, hitting $24.94. 40,315 shares of the stock traded hands, compared to its average volume of 41,659. Regional Management Corp. has a 1 year low of $18.31 and a 1 year high of $27.56. The stock has a market capitalization of $290.97, a price-to-earnings ratio of 10.66 and a beta of 1.38. The company has a quick ratio of 39.39, a current ratio of 39.39 and a debt-to-equity ratio of 2.34.

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About Regional Management

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.

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

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