The RMR Group Inc. (NASDAQ:RMR) Sees Significant Growth in Short Interest

The RMR Group Inc. (NASDAQ:RMR) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 210,300 shares, an increase of 50.0% from the November 15th total of 140,200 shares. Based on an average daily volume of 72,800 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.5% of the shares of the company are short sold.

Institutional Trading of The RMR Group

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC grew its position in The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of The RMR Group by 327.6% in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The RMR Group by 56.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 2,378 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of The RMR Group during the 3rd quarter valued at about $150,000. Finally, Nisa Investment Advisors LLC lifted its position in 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 worth $181,000 after buying an additional 2,405 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Performance

Shares of NASDAQ:RMR traded up $0.06 during mid-day trading on Friday, reaching $21.97. The company had a trading volume of 89,460 shares, compared to its average volume of 87,622. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $23.50 and its 200-day moving average price is $24.01. The RMR Group has a one year low of $21.46 and a one year high of $28.82. The firm has a market cap of $699.74 million, a price-to-earnings ratio of 16.15 and a beta of 1.23.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $220.15 million. The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. During the same quarter in the prior year, the company earned $0.48 EPS. As a group, equities research analysts anticipate that The RMR Group will post 1.62 EPS 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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.19%. The ex-dividend date was Monday, October 28th. The RMR Group’s dividend 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.