The stock of Regional Management Corp (NYSE:RM) hit a new 52-week high and has $49.63 target or 120.00% above today’s $22.56 share price. The 7 months bullish chart indicates low risk for the $255.10M company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $49.63 price target is reached, the company will be worth $306.12M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,595 shares traded hands. Regional Management Corp (NYSE:RM) has risen 30.78% since March 28, 2016 and is uptrending. It has outperformed by 26.07% the S&P500.
Regional Management Corp (NYSE:RM) Ratings Coverage
Out of 4 analysts covering Regional Management Corporation (NYSE:RM), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Regional Management Corporation has been the topic of 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Regional Management Corp (NYSE:RM) earned “Buy” rating by Jefferies on Wednesday, September 23.
According to Zacks Investment Research, “Regional Management Corp. is a diversified specialty consumer finance company engaged in providing loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It offers Small Installment Loans, Large Installment Loans, Automobile Purchase Loans, Furniture and Appliance Purchase Loans and Insurance Products. The Company has operations primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina.”
Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.26, from 0.69 in 2016Q1. The ratio improved, as 4 funds sold all Regional Management Corp shares owned while 35 reduced positions. 14 funds bought stakes while 23 increased positions. They now own 8.93 million shares or 9.88% less from 9.91 million shares in 2016Q1.
Signia Capital Mgmt has 32,840 shares for 1.52% of their US portfolio. Blackrock Advsr Llc holds 0% or 3,908 shares in its portfolio. Parkwood Limited Liability Company holds 0.03% or 12,843 shares in its portfolio. Numeric Invsts Lc has 0.01% invested in the company for 49,200 shares. California State Teachers Retirement Systems, a California-based fund reported 22,183 shares. Deutsche Bank & Trust Ag has 0% invested in the company for 7,513 shares. The Washington-based Parametric Port Associate Limited Liability Company has invested 0% in Regional Management Corp (NYSE:RM). Goldman Sachs last reported 138,406 shares in the company. Walleye Trading Limited Liability has 300 shares for 0% of their US portfolio. Aqr Management Ltd Liability has invested 0% of its portfolio in Regional Management Corp (NYSE:RM). Moreover, Barclays Public Limited Liability has 0% invested in Regional Management Corp (NYSE:RM) for 3,500 shares. Tiaa Cref Investment Limited Liability Corp reported 34,915 shares or 0% of all its holdings. Massachusetts Fincl Service Com Ma, a Massachusetts-based fund reported 34,485 shares. Tudor Investment Et Al owns 10,858 shares or 0% of their US portfolio. National Bank & Trust Of Montreal Can has 51,268 shares for 0% of their US portfolio.
Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 4 sales for $3.06 million net activity. On Wednesday, July 27 the insider Glen Capital Partners Focus Fund – L.P. sold $2.37 million. $158,300 worth of Regional Management Corp (NYSE:RM) was sold by DEMOLINA ALVARO G on Wednesday, May 4.
More recent Regional Management Corp (NYSE:RM) news were published by: Seekingalpha.com which released: “Regional Management Corp (RM) CEO Peter Knitzer on Q3 2016 Results – Earnings …” on October 28, 2016. Also Businesswire.com published the news titled: “Regional Management Corp. to Report Third Quarter 2016 Results on Thursday …” on October 06, 2016. Businesswire.com‘s news article titled: “Regional Management Corp. Completes Sale of Existing and Forward Flow Charged …” with publication date: December 23, 2015 was also an interesting one.
RM Company Profile
Regional Management Corp., incorporated on August 23, 2011, is a diversified specialty consumer finance company. The Firm provides a range of loan products primarily to clients with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. The Company’s products include small loans, large loans, automobile loans, retail loans and optional credit insurance products. The Firm operates offices in approximately 300 locations in the states of Alabama (over 50 offices), Georgia (over seven offices), New Mexico (over 20 offices), North Carolina (over 40 offices), Oklahoma (over 30 offices), South Carolina (over 70 offices), Tennessee (over 20 offices) and Texas (over 100 offices) under the names Regional Finance, RMC Financial Services, Anchor Finance and RMC Retail. The Company’s loan products are secured, structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments and repayable at any time without penalty. The Company’s loans are sourced through multiple channel platforms, including its branches, direct mail campaigns, independent and franchise automobile dealerships, online credit application networks, retailers, and the consumer Website.
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