Fiduciary Financial Group LLC Makes New $218,000 Investment in The RMR Group Inc. (NASDAQ:RMR)

Fiduciary Financial Group LLC acquired a new position in The RMR Group Inc. (NASDAQ:RMR) during the third quarter, Holdings Channel.com reports. The firm acquired 8,619 shares of the financial services provider’s stock, valued at approximately $218,000.

Several other institutional investors have also recently made changes to their positions in the business. Meeder Asset Management Inc. grew its stake in shares of The RMR Group by 327.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,051 shares during the period. Covestor Ltd grew its position in The RMR Group by 44.3% during the first quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The RMR Group by 56.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock valued at $149,000 after buying an additional 2,378 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of The RMR Group in the third quarter worth about $150,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of The RMR Group by 75.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 2,780 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Up 0.7 %

Shares of The RMR Group stock opened at $25.45 on Friday. The firm has a market cap of $807.55 million, a PE ratio of 9.46 and a beta of 1.26. The RMR Group Inc. has a twelve month low of $21.60 and a twelve month high of $28.82. The business has a 50-day moving average price of $24.86 and a 200 day moving average price of $24.10.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. The business had revenue of $205.48 million during the quarter, compared to analysts’ expectations of $227.68 million. During the same quarter last year, the firm earned $0.48 earnings per share. On average, sell-side analysts expect that The RMR Group Inc. will post 1.64 EPS for the current year.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.