Short Interest in The RMR Group Inc. (NASDAQ:RMR) Rises By 50.0%

The RMR Group Inc. (NASDAQ:RMR) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 210,300 shares, a growth of 50.0% from the November 15th total of 140,200 shares. Based on an average daily trading volume, of 72,800 shares, the short-interest ratio is currently 2.9 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On The RMR Group

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its stake in shares of The RMR Group by 2,439.0% during the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. raised its position in 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 last quarter. SG Americas Securities LLC acquired a new position in The RMR Group during the 3rd quarter worth about $150,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of The RMR Group by 56.4% in the 2nd 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 during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of The RMR Group by 42.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,405 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Price Performance

Shares of NASDAQ RMR traded up $0.06 during midday trading on Friday, reaching $21.97. 89,460 shares of the company were exchanged, compared to its average volume of 87,622. The stock’s 50-day moving average price is $23.50 and its 200-day moving average price is $24.01. The stock has a market cap of $699.74 million, a P/E ratio of 16.15 and a beta of 1.23. 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 RMR Group has a one year low of $21.46 and a one year high of $28.82.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share 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 for the quarter, compared to analyst estimates of $220.15 million. During the same period last year, the business earned $0.48 EPS. On average, sell-side analysts anticipate that The RMR Group will post 1.62 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.45 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.19%. The RMR Group’s dividend payout ratio (DPR) is presently 132.35%.

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.