Martingale Asset Management L P Purchases 2,842 Shares of The RMR Group Inc. (NASDAQ:RMR)

Martingale Asset Management L P raised its position in The RMR Group Inc. (NASDAQ:RMR) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,249 shares of the financial services provider’s stock after purchasing an additional 2,842 shares during the quarter. Martingale Asset Management L P owned 0.22% of The RMR Group worth $1,732,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RMR. International Assets Investment Management LLC grew its stake in shares of 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 purchasing an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. grew its position 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 valued at $60,000 after buying an additional 2,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 valued at $149,000 after buying an additional 2,378 shares during the period. SG Americas Securities LLC bought a new position in shares of The RMR Group during the third quarter worth about $150,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of The RMR Group by 75.9% in the first 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 during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Stock Performance

NASDAQ:RMR opened at $22.20 on Monday. The company has a market capitalization of $707.07 million, a PE ratio of 16.32 and a beta of 1.26. The RMR Group Inc. has a fifty-two week low of $21.46 and a fifty-two week high of $28.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day simple moving average of $24.10 and a two-hundred day simple moving average of $24.11.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The firm had revenue of $212.30 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.48 EPS. Research analysts anticipate that The RMR Group Inc. will post 1.42 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 8.11%. 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.