Regional management (NYSE:RM) downgraded to “C+” at TheStreet

Regional Management (NYSE: RM – Get a Grade) was downgraded by stock analysts TheStreet from a “b-” rating to a “c+” rating in a research note released Wednesday, TheStreetRatingsTable reports.

RM has been the subject of a number of other research reports. Keefe, Bruyette & Woods cut their target price on Regional Management shares from $53.00 to $41.00 in a Monday, July 11 research report. BMO Capital Markets lowered its target price on regional management shares from $58.00 to $52.00 in a Friday, Aug. 5 research note.

Regional Management Price Performance

RM shares opened at $29.77 on Wednesday. The company has a quick ratio of 42.38, a current ratio of 42.38 and a leverage ratio of 3.96. Regional management has a 12-month low of $29.69 and a 12-month high of $67.60. The company has a market capitalization of $287.88 million, a P/E ratio of 3.69 and a beta of 1.42. The company has a 50-day moving average of $36.88 and a 200-day moving average of $41.60.

Insider trading at regional management

In other news, Basswood Capital Management director L sold 12,652 shares of the company in a trade that took place on Thursday, August 11. The shares were sold at an average price of $38.61, for a total value of $488,493.72. Following the completion of the sale, the director now owns 822,554 shares of the company, valued at approximately $31,758,809.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Basswood Capital Management director L sold 12,652 shares of the company in a trade that took place on Thursday, August 11. The shares were sold at an average price of $38.61, for a total value of $488,493.72. Following the completion of the sale, the director now owns 822,554 shares of the company, valued at approximately $31,758,809.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Philip V. Bancroft purchased 6,500 shares in a trade dated Friday, August 19. The shares were acquired at an average cost of $38.75 per share, with a total value of $251,875.00. As a result of the transaction, the administrator now directly owns 29,605 shares of the company, valued at approximately $1,147,193.75. Disclosure of this purchase can be found here. Last quarter, insiders sold 58,052 shares of the company valued at $2,187,208. Insiders of the company hold 8.90% of the shares of the company.

Institutional investors weigh on regional management

Hedge funds and other institutional investors have recently been buying and selling shares of the company. IndexIQ Advisors LLC purchased a new stake in Regional Management during the first quarter, valued at approximately $412,000. Russell Investments Group Ltd. increased its stake in Regional Management by 37.1% during the 1st quarter. Russell Investments Group Ltd. now owns 20,160 shares of the credit service provider valued at $977,000 after purchasing an additional 5,454 shares last quarter. Assenagon Asset Management SA increased its stake in Regional Management by 18.6% during the first quarter. Assenagon Asset Management SA now owns 39,328 shares of the credit services provider valued at $1,910,000 after buying an additional 6,174 shares last quarter. Martingale Asset Management LP increased its stake in Regional Management shares by 9.7% in the first quarter. Martingale Asset Management LP now owns 19,880 shares of the credit services provider worth $966,000 after acquiring an additional 1,761 shares during the period. Finally, Khrom Capital Management LLC increased its stake in Regional Management shares by 12.2% in the fourth quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit service provider worth $10,006,000 after acquiring an additional 19,000 shares during the period. Hedge funds and other institutional investors hold 82.76% of the company’s shares.

About regional management

(Get an evaluation)

Regional Management Corp., a diversified consumer finance company, offers various installment loan products primarily to customers with limited access to consumer credit from banks, thrift companies, credit card companies and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances and other retail products.

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