Algert Global LLC bought a new position in shares of Regional Management Corp. (NYSE:RM) during the second quarter, Holdings Channel reports. The institutional investor bought 9,900 shares of the credit services provider’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American International Group Inc. increased its position in Regional Management Corp. by 7.1% in the first quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock worth $127,000 after buying an additional 430 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Regional Management Corp. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 42,866 shares of the credit services provider’s stock worth $833,000 after buying an additional 509 shares in the last quarter. Eagle Global Advisors LLC increased its position in Regional Management Corp. by 9.5% in the second quarter. Eagle Global Advisors LLC now owns 14,373 shares of the credit services provider’s stock worth $340,000 after buying an additional 1,241 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Regional Management Corp. by 5.4% in the first quarter. Public Employees Retirement System of Ohio now owns 26,953 shares of the credit services provider’s stock worth $524,000 after buying an additional 1,385 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Regional Management Corp. by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 72,778 shares of the credit services provider’s stock worth $1,414,000 after buying an additional 1,888 shares in the last quarter. Hedge funds and other institutional investors own 88.11% of the company’s stock.

Regional Management Corp. (NYSE RM) opened at 22.71 on Friday. The company has a market capitalization of $264.62 million, a P/E ratio of 9.97 and a beta of 1.36. Regional Management Corp. has a 52-week low of $18.31 and a 52-week high of $27.56. The stock’s 50 day moving average price is $23.87 and its 200-day moving average price is $21.78.

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

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A number of research analysts have recently commented on the company. TheStreet upgraded Regional Management Corp. from a “c+” rating to a “b-” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 target price on shares of Regional Management Corp. in a research report on Friday, July 14th. BidaskClub downgraded Regional Management Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BMO Capital Markets increased their target price on Regional Management Corp. from $24.00 to $25.00 and gave the company a “market perform” rating in a research report on Wednesday, August 2nd. Finally, DA Davidson reiterated a “neutral” rating and set a $27.00 target price on shares of Regional Management Corp. in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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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