Regional Management (NYSE:RM) Downgraded to “C+” at TheStreet


Regional Management (NYSE:RM – Rating Received) was downgraded from a “b-” rating to a “c+” rating by equity analysts at TheStreet in a research note published on Wednesday, reports TheStreetRatingsTable.

RM has been the subject of a number of other research reports. Keefe, Bruyette & Woods lowered their target price on Regional Management shares to $41.00 from $53.00 in a research report on Monday, July 11. BMO Capital Markets lowered its price target on Regional Management shares to $52.00 from $58.00 in a research note on Friday, August 5.

Course development of regional management

Shares of RM opened at $29.77 on Wednesday. The company has a quick ratio of 42.38, a current ratio of 42.38 and a debt to equity ratio of 3.96. Regional Management has a 12-month low of $29.69 and a 12-month high of $67.60. The company has a market cap of $287.88 million, a P/E of 3.69 and a beta of 1.42. The company has a 50-day moving average of $36.88 and a 200-day moving average of $41.60.

Insider transactions in regional management

In other news, Director Basswood Capital Management, L. sold 12,652 shares of the company’s stock in a transaction that took place on Thursday, August 11th. The shares sold at an average price of $38.61 for a total value of $488,493.72. Upon completion of the sale, the Director now owns 822,554 shares of the Company, valued at approximately $31,758,809.94. The sale was disclosed in a filing with the Securities & Exchange Commission, available through the SEC’s website. In other news, Director Basswood Capital Management, L. sold 12,652 shares of the company’s stock in a transaction that took place on Thursday, August 11th. The shares sold at an average price of $38.61 for a total value of $488,493.72. Upon completion of the sale, the Director now owns 822,554 shares of the Company, valued at approximately $31,758,809.94. The sale was disclosed in a filing with the Securities & Exchange Commission, available through the SEC’s website. In addition, Director Philip V. Bancroft acquired 6,500 shares of the stock in a transaction dated Friday, August 19. The stock was acquired at an average price of $38.75 per share for a total value of $251,875.00. Following the transaction, the Director now directly owns 29,605 shares of the Company, valued at approximately $1,147,193.75. The disclosure for this purchase can be found here. During the most recent quarter, insiders sold 58,052 shares of the company’s stock for $2,187,208. Company insiders own 8.90% of the company’s shares.

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Institutional investors rely on regional management

Hedge funds and other institutional investors have recently bought and sold shares in the company. IndexIQ Advisors LLC acquired a new interest in Regional Management valued at approximately $412,000 during the first quarter. Russell Investments Group Ltd. increased its stake in Regional Management by 37.1% in the first quarter. Russell Investments Group Ltd. now owns 20,160 shares of the loan servicer, valued at $977,000, after purchasing an additional 5,454 shares last quarter. Assenagon Asset Management SA increased its stake in Regional Management by 18.6% in the first quarter. Assenagon Asset Management SA now owns 39,328 shares of the credit servicer, valued at $1,910,000, after buying another 6,174 shares last quarter. Martingale Asset Management LP increased its stake in Regional Management by 9.7% in the first quarter. Martingale Asset Management LP now owns 19,880 shares of the loan servicer, valued at $966,000, after purchasing an additional 1,761 shares during the period. Finally, in the fourth quarter, Khrom Capital Management LLC increased its stake in Regional Management by 12.2%. Khrom Capital Management LLC now owns 174,139 shares of the loan servicer, valued at $10,006,000, having purchased an additional 19,000 shares during the period. Hedge funds and other institutional investors own 82.76% of the company’s shares.

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About regional management

(received rating)

Regional Management Corp., a diversified consumer finance company, offers a variety of personal loan products primarily to customers with limited access to consumer credit from banks, savings companies, credit card companies and other lenders in the United States. It offers small and large installment loans; and retail loans to finance purchases of furniture, appliances and other retail products.

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