Regional Management Corp.’s (RM) Hold Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reaffirmed their hold rating on shares of Regional Management Corp. (NYSE:RM) in a research note released on Sunday. BMO Capital Markets currently has a $25.00 price objective on the credit services provider’s stock.
Other equities analysts have also issued reports about the company. ValuEngine lowered Regional Management Corp. from a strong-buy rating to a buy rating in a research report on Thursday, August 17th. Stephens assumed coverage on Regional Management Corp. in a report on Wednesday, August 23rd. They issued an equal weight rating and a $25.00 price objective for the company. DA Davidson reiterated a neutral rating and issued a $27.00 price objective on shares of Regional Management Corp. in a report on Tuesday, July 18th. Finally, BidaskClub cut Regional Management Corp. from a hold rating to a sell rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $25.83.
Regional Management Corp. (NYSE RM) traded down $0.74 on Friday, reaching $23.06. The company had a trading volume of 31,600 shares, compared to its average volume of 40,436. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34. Regional Management Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $27.56. The company has a market cap of $269.04, a price-to-earnings ratio of 9.85 and a beta of 1.40.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RM. AJO LP purchased a new stake in Regional Management Corp. in the 2nd quarter worth approximately $3,215,000. Renaissance Technologies LLC lifted its stake in shares of Regional Management Corp. by 53.0% in the 1st quarter. Renaissance Technologies LLC now owns 355,000 shares of the credit services provider’s stock valued at $6,898,000 after purchasing an additional 122,900 shares during the period. AQR Capital Management LLC lifted its stake in shares of Regional Management Corp. by 226.5% in the 1st quarter. AQR Capital Management LLC now owns 174,245 shares of the credit services provider’s stock valued at $3,385,000 after purchasing an additional 120,884 shares during the period. Vanguard Group Inc. lifted its stake in shares of Regional Management Corp. by 17.9% in the 1st quarter. Vanguard Group Inc. now owns 648,765 shares of the credit services provider’s stock valued at $12,605,000 after purchasing an additional 98,504 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Regional Management Corp. by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock valued at $18,819,000 after purchasing an additional 88,569 shares during the period. Institutional investors and hedge funds own 86.78% of the company’s stock.
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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