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

Second Curve Capital, a fund managed by Tom Brown, has recently disclosed several moves into its equity portfolio holdings. In the first filing, Second Curve reported raising its stake in Regional Management Corp (NYSE:RM) to 962,968 shares, from 677,918 shares owned earlier in October 2013, which translates to an increase to 7.4% of the common stock, from 5.4%.

Regional Management Corp (NYSE:RM)

In another filing, Second Curve revealed holding around 1.64 million shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF), equal to 6.3% of the common stock. In its latest 13F, the fund disclosed holding 8.95 million shares of the company. In this way, Second Curve ceased to hold the largest position in the company out of the funds we track, being outrun by Basswood Capital, led by Matthew Lindenbaum, which in its latest 13F reported ownership of 3.53 million shares.

Second Curve has also slightly upped its position in Tree.com Inc (NASDAQ:TREE). The fund currently owns 927,312 shares of the company, the stake amassing 8.3% of the common stock. This is up from 850,292 shares held earlier. The analysts have an average target price for the stock at around $37 per share, slightly above the current price.

The next on the list is The First Marblehead Corporation (NYSE:FMD), in which Second Curve revealed holding 9.9% of the common stock. The holding has been significantly reduced from 7.38 million shares revealed by Tom Brown’s fund in the previous round of 13F filings. The stock of The First Marblehead Corporation (NYSE:FMD) gained whooping over 500% during the past year, a significant surge being experienced at the beginning of December.

In the fifth filing, Second Curve reported owning 2.78 million shares of Bancorp Inc (NASDAQ:TBBK), slightly down from 2.83 million held previously. The stake currently amasses 7.3% of the company’s common stock. Even following the decrease Second Curve remains an important investor with a significant stake in the company. Out of the funds we track, Michael Price’s Mfp Investors reported earlier holding 324,900 shares of the company.

Disclosure: none

Recommended Reading:

Luxor Capital Group Reveals New 6.1% Stake in AMC Entertainment Holdings Inc (AMC)

Wilbur Ross Adds to EXCO Resources Inc (XCO) Holding Following the Rights Offering

Daniel Loeb Discloses Big Stake in The Dow Chemical Company (DOW); Asks for a Strategic Review

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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways 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

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!