Short Interest in The RMR Group Inc. (NASDAQ:RMR) Drops By 23.2%

The RMR Group Inc. (NASDAQ:RMR) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 161,500 shares, a decrease of 23.2% from the November 30th total of 210,300 shares. Based on an average daily volume of 81,700 shares, the short-interest ratio is currently 2.0 days. Approximately 1.1% of the company’s shares are short sold.

The RMR Group Trading Down 1.6 %

NASDAQ RMR traded down $0.33 on Friday, hitting $20.49. The company’s stock had a trading volume of 82,653 shares, compared to its average volume of 86,585. 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 RMR Group has a 52-week low of $20.26 and a 52-week high of $28.82. The firm has a market cap of $652.52 million, a P/E ratio of 15.07 and a beta of 1.23. The company’s 50-day simple moving average is $22.58 and its 200 day simple moving average is $23.83.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The business had revenue of $212.30 million during 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 period in the previous year, the business earned $0.48 EPS. Research analysts predict that The RMR Group will post 1.62 EPS for the current fiscal year.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s dividend payout ratio is currently 132.35%.

Hedge Funds Weigh In On The RMR Group

A number of institutional investors have recently bought and sold shares of RMR. International Assets Investment Management LLC grew its stake 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 purchasing an additional 1,000 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of 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 valued at $60,000 after buying an additional 2,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 worth $149,000 after acquiring an additional 2,378 shares in the last quarter. SG Americas Securities LLC purchased a new position in The RMR Group during the 3rd quarter valued at about $150,000. Finally, Cubist Systematic Strategies LLC boosted its stake in The RMR Group by 7.7% during the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 639 shares in the last quarter. 42.31% of the stock is owned by institutional investors.

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.