Regional Managment Corp (NYSE:RM).
Basswood Capital Management, L.l.c. says it bought 136,379 shares during the last quarter increasing its exposure to Regional Managment Corp by 10.5%. Its investment stood at $34,826,000 an increase of 13.2% according to the filing.
Several firms have shifted positions in (RM). California State Teachers Retirement System cut its investment by selling 1,942 shares a decrease of 10.7% in the quarter. California State Teachers Retirement System owns 16,141 shares with a value of $391,000. The total value of its holdings decreased 8.4%. As of quarter end Lsv Asset Management had sold a total of 11,200 shares trimming its position 1.7%. The value of the total investment in Regional Managment Corp went from $15,565,000 to $15,675,000 increasing 0.7% for the reporting period.
Dimensional Fund Advisors Lp expanded its ownership by buying 38,978 shares an increase of 4.9% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp controls 835,364 shares valued at $20,224,000. The value of the position overall is up by 7.5%.
On August 23, 2017 Stephens released research on RM with a rating of “Equal Weight”. Equity analyst BMO Capital Markets raised the price target of the stock on August 2 changing the forecast from $24.00 to $25.00 with a “Market Perform” recommendation.
The company is trading down since yesterday’s close of 22.09. The company’s P/E ratio is 10.09 and the market cap is 255.97M. As of the latest earnings report the EPS was $2.17 with 11.67M shares now outstanding.
Investors are a little more bullish on Regional Managment Corp as evidenced by the decrease in short interest. The stock realized a fall in short interest of -2.86% as of October 13, 2017 from the last reporting period. Short interest fell from 829,602 to 805,904 over that period. With short interest at 805,904 and short average daily volume at 31,531, the short-interest ratio is 26.0 and the percentage of shorted shares was 0.07% on October 13.