Procurement News Notice |
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| PNN | 4930 |
| Work Detail | Regional Management Corp (RM) : Pacific Global Investment Management Co reduced its stake in Regional Management Corp by 6.4% during the most recent quarter end. The investment management company now holds a total of 335,890 shares of Regional Management Corp which is valued at $6,711,082 after selling 22,980 shares in Regional Management Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Regional Management Corp makes up approximately 1.50% of Pacific Global Investment Management Co’s portfolio. Other Hedge Funds, Including , Grantham Mayo Van Otterloo boosted its stake in RM in the latest quarter, The investment management firm added 26,712 additional shares and now holds a total of 46,312 shares of Regional Management Corp which is valued at $925,314.Martingale Asset Management L P reduced its stake in RM by selling 31,900 shares or 53.34% in the most recent quarter. The Hedge Fund company now holds 27,900 shares of RM which is valued at $557,442. Regional Management Corp makes up approx 0.01% of Martingale Asset Management L P’s portfolio.Blackrock Advisors boosted its stake in RM in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 3,908 shares of Regional Management Corp which is valued at $78,082. Dynamic Technology Lab Private Ltd added RM to its portfolio by purchasing 27,283 company shares during the most recent quarter which is valued at $545,114. Regional Management Corp makes up approx 0.14% of Dynamic Technology Lab Private Ltd’s portfolio. Denali Advisors added RM to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $2,589. Regional Management Corp opened for trading at $20.71 and hit $20.86 on the upside on Monday, eventually ending the session at $20.78, with a gain of 1.02% or 0.21 points. The heightened volatility saw the trading volume jump to 81,313 shares. Company has a market cap of $237 M. 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. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.tradecalls.org/2016/08/pacific-global-investment-management-co-lowers-stake-in-regional-management-corp-rm-379398/ |
