Understanding the Risks of Investing in Regional Management Corp. (RM)


Regional Management Corp.’s filing revealed that its Director-by-Deputization BASSWOOD CAPITAL MANAGEMENT, L acquired Company’s shares for reported $77641.0 on Aug 30. In the deal valued at $28.82 per share,2,694 shares were bought. As a result of this transaction, BASSWOOD CAPITAL MANAGEMENT, L now holds 512,041 shares worth roughly $ 14.61 million.

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Then, BASSWOOD CAPITAL MANAGEMENT, L sold 2,694 shares, generating $77,479 in total proceeds. Upon selling the shares at $28.76, the Director-by-Deputization now owns 509,347 shares.

Before that, Beck Robert William sold 5,000 shares. Regional Management Corp. shares valued at $137,250 were divested by the President and CEO at a price of $27.45 per share. As a result of the transaction, Beck Robert William now holds 119,470 shares, worth roughly $3.41 million.

JMP Securities downgraded its Regional Management Corp. [RM] rating to a Mkt perform from a a Mkt outperform in a research note published on Friday.

Price Performance Review of RM

On Friday, Regional Management Corp. [NYSE:RM] saw its stock jump 3.86% to $28.54. On the same session, the stock had its day’s lowest price of $27.50, but rose to a high of $28.61. Over the last five days, the stock has gained 1.03%. Regional Management Corp. shares have risen nearly 1.64% since the year began. Nevertheless, the stocks have fallen -15.29% over the past one year. While a 52-week high of $38.34 was reached on 02/09/23, a 52-week low of $24.38 was recorded on 03/20/23. SMA at 50 days reached $30.66, while 200 days put it at $29.50. A total of 50174.0 shares were traded, compared to the trading of 21700.0 shares in the previous session.

Levels Of Support And Resistance For RM Stock

The 24-hour chart illustrates a support level at 27.82, which if violated will result in even more drops to 27.11. On the upside, there is a resistance level at 28.93. A further resistance level may holdings at 29.33. The Relative Strength Index (RSI) on the 14-day chart is 45.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.41%. Stochastics %K at 43.39% indicates the stock is a holding.

How much short interest is there in Regional Management Corp.?

A steep rise in short interest was recorded in Regional Management Corp. stocks on Aug 14, 2023, dropping by 46780.0 shares to a total of 0.22 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.26 million shares. There was a decline of -21.61%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.56.

Regional Management Corp. [RM] – Who Are The Largest Shareholders?

In filings from Forager Capital Management LLC, it is revealed that the company now owns 1,176,621 shares, or roughly 12.20% of the outstanding RM shares. In other words, the investor’s shares have risen by 10,000 from its previous 13-F filing of 1166621.0. Additionally, Basswood Capital Management LLC increased 6.72% of its stake after which the total value it holdings stand at $31,843,904, while BlackRock Fund Advisors added 7.34% of its stake to hold $26.03 million in the firm. Over the last quarter, Wellington Management Co. LLP sold -18,513 shares of Regional Management Corp., while Dimensional Fund Advisors LP sold -18,992 shares. At present, The Vanguard Group, Inc. is holding 410,044 shares valued at $13.32 million. LSV Asset Management owned 402,358 shares of the company at the time of its most recent 13F filing, worth $13.07 million.

According to FactSet, Regional Management Corp.’s share price will average $38.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 38.28 percent from its previous closing price of $27.48. Analysts expect Regional Management Corp. stock to reach the higher price of $44.00, while the lowest price estimate is $32.00. However, 6 analysts have rated RM stock as a Hold in their predictions for 2023.


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