Here is What Hedge Funds Think About Regional Management Corp (RM)

Consequently, key hedge funds were leading the bulls’ herd. Whitebox Advisors, managed by Andy Redleaf, initiated the most valuable position in Regional Management Corp (NYSE:RM). Whitebox Advisors had $1 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.2 million position during the quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Regional Management Corp (NYSE:RM) but similarly valued. These stocks are Rocket Fuel Inc (NASDAQ:FUEL), Heska Corp (NASDAQ:HSKA), Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS), and Northrim BanCorp, Inc. (NASDAQ:NRIM). All of these stocks’ market caps match Regional Management Corp (NYSE:RM)’s market cap.

As you can see, these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $70 million in Regional Management Corp (NYSE:RM)’s case. Rocket Fuel Inc (NASDAQ:FUEL) is the most popular stock in this table. On the other hand, Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks, Regional Management Corp (NYSE:RM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.