Brandywine Global Investment Management LLC trimmed its position in shares of Regional Management Corp. (NYSE:RM) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,022 shares of the credit services provider’s stock after selling 138 shares during the quarter. Brandywine Global Investment Management LLC owned 0.05% of Regional Management Corp. worth $143,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. American International Group Inc. grew its stake in Regional Management Corp. by 7.1% in 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 stake in shares of Regional Management Corp. by 115.0% during the 1st quarter. UBS Group AG now owns 7,137 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 3,818 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of Regional Management Corp. during the 1st quarter worth $165,000. Hancock Holding Co. bought a new position in shares of Regional Management Corp. during the 2nd quarter worth $217,000. Finally, Algert Global LLC bought a new position in shares of Regional Management Corp. during the 2nd quarter worth $234,000. 86.75% of the stock is currently owned by institutional investors.
RM has been the subject of several research reports. TheStreet upgraded Regional Management Corp. from a “c+” rating to a “b-” rating in a research note on Thursday, July 6th. ValuEngine downgraded Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Stephens assumed coverage on Regional Management Corp. in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $25.00 price objective on shares of Regional Management Corp. in a report on Friday, July 14th. Finally, BMO Capital Markets increased their price objective on Regional Management Corp. from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.83.
Regional Management Corp. (NYSE:RM) last released its quarterly earnings data on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. The firm had revenue of $65.34 million during the quarter, compared to analyst estimates of $65.00 million. Regional Management Corp. had a return on equity of 12.98% and a net margin of 10.37%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share.
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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