State Street Corp boosted its holdings in shares of Regional Management Corp. (NYSE:RM) by 11.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,758 shares of the credit services provider’s stock after purchasing an additional 20,390 shares during the period. State Street Corp owned 1.67% of Regional Management worth $4,601,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. UBS Group AG boosted its position in shares of Regional Management 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 purchasing an additional 3,818 shares during the last quarter. Hancock Holding Co. bought a new position in shares of Regional Management in the 2nd quarter worth $217,000. Tudor Investment Corp ET AL bought a new position in shares of Regional Management in the 2nd quarter worth $219,000. Algert Global LLC bought a new position in shares of Regional Management in the 2nd quarter worth $234,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Regional Management by 22.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,930 shares of the credit services provider’s stock worth $281,000 after purchasing an additional 2,219 shares during the last quarter. 86.40% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. ValuEngine upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $25.00 price objective on shares of Regional Management in a research note on Sunday, November 12th. BidaskClub downgraded Regional Management from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Regional Management from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Stephens assumed coverage on Regional Management in a research note on Wednesday, August 23rd. They set an “equal weight” rating and a $25.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.00.
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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.
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