The RMR Group Inc. (NASDAQ:RMR) Short Interest Update

The RMR Group Inc. (NASDAQ:RMR) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 140,200 shares, a decrease of 33.2% from the October 31st total of 209,900 shares. Based on an average daily trading volume, of 70,900 shares, the short-interest ratio is presently 2.0 days. Currently, 1.0% of the shares of the company are short sold.

Hedge Funds Weigh In On The RMR Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of The RMR Group by 2,439.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. raised its stake in The RMR Group by 327.6% during the second quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 2,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 worth $149,000 after acquiring an additional 2,378 shares during the last quarter. SG Americas Securities LLC bought 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% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 2,780 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Stock Performance

Shares of RMR traded up $0.04 during trading hours on Friday, hitting $22.20. The company had a trading volume of 59,389 shares, compared to its average volume of 95,720. The business has a fifty day moving average of $24.10 and a 200-day moving average of $24.11. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The firm has a market cap of $707.07 million, a price-to-earnings ratio of 16.32 and a beta of 1.26. The RMR Group has a 12 month low of $21.46 and a 12 month high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. The firm had revenue of $212.30 million during the quarter, compared to analyst estimates of $220.15 million. During the same period in the previous year, the company posted $0.48 EPS. Equities analysts anticipate that The RMR Group will post 1.42 EPS for the current fiscal year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.11%. The RMR Group’s payout ratio is 132.35%.

The RMR Group Company Profile

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.