The RMR Group Inc. (NASDAQ:RMR) Shares Acquired by Corsair Capital Management L.P.

Corsair Capital Management L.P. increased its position in shares of The RMR Group Inc. (NASDAQ:RMR) by 92,252.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,241 shares of the financial services provider’s stock after acquiring an additional 21,218 shares during the period. Corsair Capital Management L.P.’s holdings in The RMR Group were worth $539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RMR. Garner Asset Management Corp grew its stake in shares of The RMR Group by 14.8% in the second quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after acquiring an additional 36,369 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of The RMR Group by 4.7% in the 2nd quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock valued at $11,929,000 after buying an additional 23,654 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of The RMR Group by 124.6% during the third quarter. Harbor Capital Advisors Inc. now owns 33,329 shares of the financial services provider’s stock worth $846,000 after buying an additional 18,493 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of The RMR Group during the third quarter worth approximately $469,000. Finally, Quest Partners LLC acquired a new stake in The RMR Group in the second quarter valued at approximately $356,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $22.01 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. The RMR Group Inc. has a 12 month low of $21.46 and a 12 month high of $28.82. The firm has a market capitalization of $701.02 million, a P/E ratio of 16.18 and a beta of 1.26. The company’s fifty day moving average price is $24.28 and its 200 day moving average price is $24.15.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $0.48 earnings per share. As a group, sell-side analysts predict that The RMR Group Inc. will post 1.42 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s dividend payout ratio is currently 132.35%.

The RMR Group 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.