Regional Management Corp
67 hedge funds and large institutions have $148M invested in Regional Management Corp in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 21 closing their positions.
2,490% more call options, than puts
Call options by funds: $3.81M | Put options by funds: $147K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
11% less funds holding
Funds holding: 75 → 67 (-8)
11.36% less ownership
Funds ownership: 84.99% → 73.63% (-11%)
24% less capital invested
Capital invested by funds: $194M → $148M (-$45.7M)
33% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$8.33M |
| 2 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$5.42M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$3.33M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
+$2.41M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$12.8M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$9.87M |
| 3 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$6.55M |
| 4 |
6CM
683 Capital Management
New York
|
-$6.02M |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$5.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAP
76
Ardsley Advisory Partners
Stamford,
Connecticut
| – | -$718K | -40,000 | Closed |
|
77
BAMCO Inc
New York
| – | -$671K | -37,400 | Closed |
|
|
CRC
78
Curi RMB Capital
Chicago,
Illinois
| – | -$661K | -36,833 | Closed |
|
|
IP
79
Interval Partners
New York
| – | -$361K | -20,124 | Closed |
|
80
Renaissance Technologies
New York
| – | -$314K | -17,500 | Closed |
|
|
ST
81
Spot Trading
Chicago,
Illinois
| – | -$178K | -9,923 | Closed |
|
82
Axa
Paris,
France
| – | -$171K | -9,500 | Closed |
|
83
Schroder Investment Management Group
London,
United Kingdom
| – | -$163K | -9,100 | Closed |
|
|
MLICM
84
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$157K | -8,733 | Closed |
|
|
BG
85
BlackRock Group
London,
United Kingdom
| – | -$39K | -2,176 | Closed |
|
86
BNP Paribas Financial Markets
Paris,
France
| – | -$15.3K | -850 | Closed |
|
87
Envestnet Asset Management
Chicago,
Illinois
| – | -$1K | -42 | Closed |
|
RM Hedge Fund Activity: Q4 2014 in Review
67 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Regional Management Corp (RM) for Q4 2014, worth a combined $148M — down 24% from $194M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of RM and 14 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 23 added.
The largest buyer was Basswood Capital Management, adding an estimated $8.33M. The largest seller was Cardinal Capital Management LLC (Connecticut), exiting entirely with an estimated $12.8M sold.
- 67 institutional investors held Regional Management Corp (RM) as of Q4 2014, down from 75 in Q3 2014.
- Funds reported $148M of Regional Management Corp stock for Q4 2014, down 24% quarter-over-quarter.
- 14 funds opened new Regional Management Corp positions in Q4 2014 and 21 closed out, a net change of -7 holders.
- The largest Regional Management Corp buyer in Q4 2014 was Basswood Capital Management, an estimated $8.33M added.
- The largest Regional Management Corp seller in Q4 2014 was Cardinal Capital Management LLC (Connecticut), an estimated $12.8M sold.
Based on aggregated 13F filings for Q4 2014.