New York State Common Retirement Fund Sells 113,816 Shares of Regional Management Corp. (RM)

New York State Common Retirement Fund lessened its holdings in Regional Management Corp. (NYSE:RM) by 83.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,928 shares of the credit services provider’s stock after selling 113,816 shares during the period. New York State Common Retirement Fund owned 0.20% of Regional Management Corp. worth $542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Teachers Advisors LLC lifted its holdings in shares of Regional Management Corp. by 0.9% in the second quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock valued at $403,000 after purchasing an additional 152 shares in the last quarter. AJO LP purchased a new stake in shares of Regional Management Corp. in the second quarter valued at about $3,215,000. Signia Capital Management LLC lifted its holdings in shares of Regional Management Corp. by 0.3% in the second quarter. Signia Capital Management LLC now owns 81,724 shares of the credit services provider’s stock valued at $1,931,000 after purchasing an additional 240 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Regional Management Corp. by 3.1% in the second quarter. JPMorgan Chase & Co. now owns 121,725 shares of the credit services provider’s stock valued at $2,876,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Regional Management Corp. by 73.4% in the second quarter. Prudential Financial Inc. now owns 79,393 shares of the credit services provider’s stock valued at $1,876,000 after purchasing an additional 33,600 shares in the last quarter. 86.79% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on RM shares. ValuEngine downgraded shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. BidaskClub downgraded shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. DA Davidson reissued a “neutral” rating and set a $27.00 price objective on shares of Regional Management Corp. in a research note on Tuesday, July 18th. BMO Capital Markets upped their price objective on shares of Regional Management Corp. from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Wednesday, August 2nd. Finally, Stephens started coverage on shares of Regional Management Corp. in a research note on Wednesday, August 23rd. They set an “equal weight” rating and a $25.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.83.

Regional Management Corp. (RM) opened at $23.06 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 47.72 and a current ratio of 39.39. The stock has a market cap of $269.04, a P/E ratio of 9.85 and a beta of 1.40. Regional Management Corp. has a one year low of $18.31 and a one year high of $27.56.

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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.

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

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