Two Sigma Advisers LP lessened its holdings in Regional Management Corp (NYSE:RM) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,718 shares of the credit services provider’s stock after selling 2,500 shares during the period. Two Sigma Advisers LP owned 0.21% of Regional Management worth $594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Citigroup Inc. raised its holdings in Regional Management by 7,813.3% in the 4th quarter. Citigroup Inc. now owns 1,187 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 1,172 shares during the period. New York State Common Retirement Fund raised its holdings in Regional Management by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 30,303 shares of the credit services provider’s stock worth $729,000 after acquiring an additional 1,814 shares during the period. Vanguard Group Inc. raised its holdings in Regional Management by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 554,592 shares of the credit services provider’s stock worth $15,989,000 after acquiring an additional 1,890 shares during the period. Vanguard Group Inc raised its holdings in Regional Management by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 554,592 shares of the credit services provider’s stock worth $15,989,000 after acquiring an additional 1,890 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Regional Management by 6.5% in the 4th quarter. California Public Employees Retirement System now owns 42,565 shares of the credit services provider’s stock worth $1,024,000 after acquiring an additional 2,588 shares during the period. Hedge funds and other institutional investors own 87.21% of the company’s stock.

NYSE:RM opened at $25.54 on Friday. Regional Management Corp has a 52-week low of $22.90 and a 52-week high of $37.21. The company has a current ratio of 36.76, a quick ratio of 36.76 and a debt-to-equity ratio of 2.33. The stock has a market cap of $305.39 million, a PE ratio of 8.06 and a beta of 0.99.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.11. Regional Management had a net margin of 11.52% and a return on equity of 14.51%. The company had revenue of $83.75 million for the quarter, compared to the consensus estimate of $82.44 million. On average, research analysts expect that Regional Management Corp will post 3.55 earnings per share for the current year.

Several brokerages recently commented on RM. Zacks Investment Research upgraded shares of Regional Management from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday. ValuEngine downgraded shares of Regional Management from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 target price on shares of Regional Management in a report on Monday, January 7th. BTIG Research began coverage on shares of Regional Management in a report on Friday, February 22nd. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Stephens restated a “hold” rating and set a $33.00 price objective on shares of Regional Management in a report on Sunday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.50.

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About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment 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; 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.

Further Reading: Yield Curve

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

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