EJF Capital Raises Stake in Regional Management Corp (RM) to 10%

As revealed a newly amended filing with the U.S. Securities and Exchange Commission,  Emanuel J. Friedman and his fund EJF Capital have boosted their position in Regional Management Corp (NYSE:RM). EJF Capital disclosed ownership of more than 1.28 million shares of Regional Management, significantly up from around 850,300 shares held previously. The passive stake amasses almost 10% of the company’s common stock.

Regional Management Corp (NYSE:RM)

Financial company Regional Management Corp (NYSE:RM) is a small cap (around $356 million market cap) provider of loans engaged in lending money to costumers with a limited access to consumer credit from banks and other traditional lenders. The company has recently reported its financial results, posting an annual 26% increase in revenue, which amounted to 170.6 million in 2013. Regional Management Corp (NYSE:RM) also ended the year with an EPS of $2.23, higher than $2.07 in 2012. The stock trails a P/E of around 11, below the industry average of 22.xx. On average, the recommendation for the stock is ‘Buy,’ and the target price is above $36.50, higher than the current price.

Out of the funds that we track, the largest position in Regional Management Corp (NYSE:RM) is held by Tom Brown‘s Second Curve Capital, which, in its latest 13F, revealed ownership of more than 950,200 shares, up by 94% over the quarter. Cardinal Capital, managed by Amy Minella, also has been bullish on the company, and raised the stake by around 134% to roughly 515,500 shares.

According to its latest 13F filing, the financial sector amasses the largest portion of EJF’s equity portfolio. American Homes 4 Rent (NYSE:AMH) was the most valuable holding in EJF’s 13F portfolio at the end of last year, the fund reporting a $189.66 million stake, which contains some 11.71 million shares, up by almost 40% over the quarter. The second-largest was represented by PHH Corporation (NYSE:PHH), in which the fund holds over 4.96 million shares, with a reported value of $120.85 million.

Disclosure: none

Recommended Reading:

Second Curve Capital Reveals Moves Into Regional Management Corp (RM), Seacoast Banking Corporation of Florida (SBCF) & Others

Second Curve Capital Top Picks Include NewStar Financial Inc (NEWS), Bank of America Corp (BAC) & Others

Warren G. Lichtenstein’s Steel Partners Is Bullish on API Technologies Corp (ATNY) and Reports 17.4% Stake

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!