Goldman Sachs Group Inc. decreased its position in Regional Management Corp. (NYSE:RM) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,215 shares of the credit services provider’s stock after selling 504 shares during the period. Goldman Sachs Group Inc.’s holdings in Regional Management Corp. were worth $1,384,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in Regional Management Corp. by 9.9% in the first quarter. Wellington Management Group LLP now owns 1,146,282 shares of the credit services provider’s stock valued at $22,272,000 after buying an additional 103,176 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Regional Management Corp. by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 707,817 shares of the credit services provider’s stock valued at $13,753,000 after buying an additional 80,788 shares during the last quarter. LSV Asset Management increased its position in Regional Management Corp. by 10.5% in the first quarter. LSV Asset Management now owns 658,699 shares of the credit services provider’s stock valued at $12,798,000 after buying an additional 62,500 shares during the last quarter. Vanguard Group Inc. increased its position in Regional Management Corp. by 17.9% in the first quarter. Vanguard Group Inc. now owns 648,765 shares of the credit services provider’s stock valued at $12,605,000 after buying an additional 98,504 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Regional Management Corp. by 53.0% in the first quarter. Renaissance Technologies LLC now owns 355,000 shares of the credit services provider’s stock valued at $6,898,000 after buying an additional 122,900 shares during the last quarter. 88.11% of the stock is owned by institutional investors and hedge funds.

Shares of Regional Management Corp. (NYSE:RM) traded down 1.14% during midday trading on Wednesday, reaching $23.44. The company’s stock had a trading volume of 33,186 shares. The stock has a market capitalization of $273.12 million, a PE ratio of 10.29 and a beta of 1.36. Regional Management Corp. has a 12 month low of $18.31 and a 12 month high of $27.56. The stock’s 50 day moving average is $23.76 and its 200 day moving average is $21.83.

Regional Management Corp. (NYSE:RM) last posted its quarterly earnings results on Tuesday, August 1st. The credit services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. Regional Management Corp. had a net margin of 10.37% and a return on equity of 12.98%. The business had revenue of $65.34 million for the quarter, compared to analysts’ expectations of $65 million. During the same period in the previous year, the company posted $0.49 EPS. Regional Management Corp.’s revenue was up 14.0% on a year-over-year basis. On average, analysts forecast that Regional Management Corp. will post $2.02 EPS for the current fiscal year.

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RM has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Regional Management Corp. in a research note on Tuesday, April 11th. Zacks Investment Research downgraded Regional Management Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Regional Management Corp. in a research note on Tuesday, April 11th. ValuEngine downgraded Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, JMP Securities raised Regional Management Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Regional Management Corp. has an average rating of “Hold” and a consensus target price of $25.83.

About Regional Management Corp.

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

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