Second Curve Capital Has Boosted Its Holding in Regional Mgmt (RM) by $11.57 Million; Parthenon Holding in Johnson & Johnson (JNJ) Has Lowered as Share Price Declined

May 18, 2018 - By Marguerite Chambers

Johnson & Johnson (NYSE:JNJ) Logo

Tom Brown increased its stake in Regional Mgmt Corp (RM) by 70.3% based on its latest 2017Q4 regulatory filing with the SEC. Second Curve Capital Llc bought 445,000 shares as the company’s stock rose 15.89% while stock markets declined. The hedge fund run by Tom Brown held 1.08 million shares of the consumer services company at the end of 2017Q4, valued at $28.36 million, up from 633,034 at the end of the previous reported quarter. Second Curve Capital Llc who had been investing in Regional Mgmt Corp for a number of months, seems to be bullish on the $426.58 million market cap company. The stock increased 2.02% or $0.72 during the last trading session, reaching $36.31. About 90,060 shares traded or 29.49% up from the average. Regional Management Corp. (NYSE:RM) has risen 60.49% since May 18, 2017 and is uptrending. It has outperformed by 48.94% the S&P500.

Parthenon Llc decreased its stake in Johnson & Johnson (JNJ) by 1.73% based on its latest 2017Q4 regulatory filing with the SEC. Parthenon Llc sold 2,689 shares as the company’s stock declined 9.21% with the market. The hedge fund held 152,593 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $21.32M, down from 155,282 at the end of the previous reported quarter. Parthenon Llc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $332.18 billion market cap company. The stock decreased 1.20% or $1.5 during the last trading session, reaching $123.85. About 6.47M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since May 18, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.04, from 0.83 in 2017Q3. It is positive, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Spirit Of America Management Ny holds 10,810 shares or 0.17% of its portfolio. Northern Capital Management Limited Liability Corp holds 1.25% or 34,642 shares. Baltimore has 80,723 shares. Oxbow Ltd Liability Co accumulated 30,811 shares. North Star Asset, Wisconsin-based fund reported 42,540 shares. Savings Bank Pictet & Cie (Asia) Limited holds 4.69% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 77,500 shares. 19,248 are held by Bremer Trust National Association. Meristem Llp holds 1.62% in Johnson & Johnson (NYSE:JNJ) or 31,993 shares. Barclays Pcl stated it has 0.54% in Johnson & Johnson (NYSE:JNJ). 25,000 were accumulated by Cincinnati Casualty. Peloton Wealth Strategists reported 10,000 shares. New England Rech & Inc, a Illinois-based fund reported 31,218 shares. Indiana-based Ami Invest Management Incorporated has invested 2.72% in Johnson & Johnson (NYSE:JNJ). Guardian Life Of America holds 8,692 shares. 9,528 were accumulated by Vident Inv Advisory Lc.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on July, 17. They expect $2.05 earnings per share, up 12.02% or $0.22 from last year’s $1.83 per share. JNJ’s profit will be $5.50B for 15.10 P/E if the $2.05 EPS becomes a reality. After $2.06 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -0.49% negative EPS growth.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $20.17 million activity.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 100 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by Jefferies on Wednesday, October 11. The firm has “Hold” rating by Jefferies given on Thursday, July 14. On Tuesday, December 1 the stock rating was upgraded by Barclays Capital to “Overweight”. The firm has “Hold” rating given on Wednesday, October 18 by Stifel Nicolaus. The firm has “Hold” rating given on Friday, July 14 by Jefferies. Jefferies maintained the stock with “Buy” rating in Friday, April 13 report. On Wednesday, April 20 the stock rating was maintained by Barclays Capital with “Overweight”. BMO Capital Markets maintained it with “Buy” rating and $145.0 target in Thursday, August 31 report. Atlantic Securities downgraded the stock to “Sell” rating in Friday, July 21 report. The firm earned “Hold” rating on Wednesday, April 18 by Stifel Nicolaus.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “What Can I Expect To Make If I Invest In Johnson & Johnson Today?” on May 16, 2018, also Seekingalpha.com with their article: “Johnson & Johnson: Steady As She Goes” published on April 19, 2018, Livetradingnews.com published: “Johnson & Johnson (NYSE:JNJ) Heffx Stock Technicals” on May 18, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Johnson & Johnson Sells Off After Earnings” published on April 22, 2018 as well as Finance.Yahoo.com‘s news article titled: “Johnson & Johnson Stock Looks Attractive on the Big Dip” with publication date: May 10, 2018.

Since December 29, 2017, it had 2 insider buys, and 2 selling transactions for $523,598 activity. BASSWOOD CAPITAL MANAGEMENT – L.L.C. also sold $715,370 worth of Regional Management Corp. (NYSE:RM) shares. 3,200 Regional Management Corp. (NYSE:RM) shares with value of $97,440 were sold by Taggart Daniel J..

More news for Regional Management Corp. (NYSE:RM) were recently published by: Businesswire.com, which released: “Regional Management Corp. Announces First Quarter 2018 Results” on May 01, 2018. Seekingalpha.com‘s article titled: “Regional Management’s (RM) CEO Peter Knitzer on Q1 2018 Results – Earnings Call Transcript” and published on May 02, 2018 is yet another important article.

Among 7 analysts covering Regional Management Corporation (NYSE:RM), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Regional Management Corporation had 21 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Wednesday, April 12. Jefferies maintained the stock with “Buy” rating in Thursday, September 7 report. As per Friday, November 18, the company rating was downgraded by BMO Capital Markets. Keefe Bruyette & Woods maintained the shares of RM in report on Thursday, December 21 with “Hold” rating. The firm earned “Buy” rating on Wednesday, June 28 by Jefferies. The stock of Regional Management Corp. (NYSE:RM) has “Buy” rating given on Friday, March 23 by Jefferies. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, August 2. JMP Securities upgraded Regional Management Corp. (NYSE:RM) on Tuesday, June 13 to “Market Outperform” rating. Keefe Bruyette & Woods maintained the shares of RM in report on Tuesday, February 13 with “Hold” rating. BMO Capital Markets maintained Regional Management Corp. (NYSE:RM) rating on Thursday, November 9. BMO Capital Markets has “Hold” rating and $25.0 target.

Investors sentiment increased to 1.12 in 2017 Q4. Its up 0.25, from 0.87 in 2017Q3. It improved, as 2 investors sold RM shares while 31 reduced holdings. 13 funds opened positions while 24 raised stakes. 10.32 million shares or 2.46% more from 10.07 million shares in 2017Q3 were reported. Massachusetts Fincl Serv Ma holds 0% of its portfolio in Regional Management Corp. (NYSE:RM) for 45,429 shares. The Ohio-based Bowling Port Mgmt Limited Co has invested 0.26% in Regional Management Corp. (NYSE:RM). The New York-based D E Shaw & has invested 0% in Regional Management Corp. (NYSE:RM). Argent Mgmt Limited Liability Company accumulated 7,820 shares. 102,859 were reported by Century. Bailard invested in 0.02% or 12,400 shares. Rhumbline Advisers holds 0% or 10,077 shares. Signia Mgmt Limited, Washington-based fund reported 82,824 shares. Jpmorgan Chase has invested 0% in Regional Management Corp. (NYSE:RM). Geode Cap Mgmt Ltd Liability Company holds 0% of its portfolio in Regional Management Corp. (NYSE:RM) for 79,114 shares. Basswood Capital Mngmt Limited Liability accumulated 1.54M shares or 1.87% of the stock. Bridgeway Capital Mngmt holds 0.06% of its portfolio in Regional Management Corp. (NYSE:RM) for 208,550 shares. Commercial Bank Of America De holds 0% or 5,202 shares in its portfolio. 1.14M are owned by Wellington Llp. Lsv Asset Mngmt owns 637,299 shares or 0.03% of their US portfolio.

Second Curve Capital Llc, which manages about $545.33 million and $254.14 million US Long portfolio, decreased its stake in Consumer Portfolio Svcs Inc (NASDAQ:CPSS) by 168,000 shares to 2.08 million shares, valued at $8.64 million in 2017Q4, according to the filing. It also reduced its holding in Meta Finl Group Inc (NASDAQ:CASH) by 76,000 shares in the quarter, leaving it with 348,132 shares, and cut its stake in Bancorp Inc Del (NASDAQ:TBBK).

Regional Management Corp. (NYSE:RM) Institutional Positions Chart

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