Signia Capital Management Lowers stake in Regional Management Corp (RM)

Regional Management Corp (RM) : Signia Capital Management reduced its stake in Regional Management Corp by 72.46% during the most recent quarter end. The investment management company now holds a total of 32,840 shares of Regional Management Corp which is valued at $640,380 after selling 86,424 shares in Regional Management Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Regional Management Corp makes up approximately 1.89% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in RM in the latest quarter, The investment management firm added 458 additional shares and now holds a total of 211,999 shares of Regional Management Corp which is valued at $3,921,982. Smith Asset Management Group Lp sold out all of its stake in RM during the most recent quarter. The investment firm sold 7,510 shares of RM which is valued $138,935. Sippican Capital Advisors added RM to its portfolio by purchasing 14,987 company shares during the most recent quarter which is valued at $277,260. Regional Management Corp makes up approx 0.32% of Sippican Capital Advisors’s portfolio. Bnp Paribas Arbitrage Sa added RM to its portfolio by purchasing 408 company shares during the most recent quarter which is valued at $6,291.

Regional Management Corp closed down -0.01 points or -0.05% at $19.91 with 72,482 shares getting traded on Monday. Post opening the session at $19.96, the shares hit an intraday low of $19.88 and an intraday high of $20.1475 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Regional Management Corp. (Regional) is a diversified specialty consumer finance company. The Company provides a range of loan products primarily to customers with limited access to consumer credit from banks thrifts credit card companies and other traditional lenders. It offers small loans large loans automobile loans retail loans and optional insurance products. The Company offers small loans ranging from $500 to $2500 through its branches as well as convenience check program. It offers large loans through its branches ranging from $2501 to $20000. The Company offers automobile loans of up to $27500 with terms of between 36 and 72 months. It markets and sells optional credit life insurance credit accident and health insurance and involuntary unemployment insurance products.

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