Segall Bryant & Hamill LLC Invests $603,000 in The RMR Group Inc. (NASDAQ:RMR)

Segall Bryant & Hamill LLC bought a new stake in The RMR Group Inc. (NASDAQ:RMR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,217 shares of the financial services provider’s stock, valued at approximately $603,000.

Several other large investors have also recently added to or reduced their stakes in RMR. Thrivent Financial for Lutherans increased its position in The RMR Group by 166.2% during the third quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 15,616 shares during the last quarter. FMR LLC grew its stake in shares of The RMR Group by 9.3% during the 3rd quarter. FMR LLC now owns 41,739 shares of the financial services provider’s stock valued at $1,059,000 after buying an additional 3,548 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of The RMR Group by 77.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider’s stock worth $307,000 after buying an additional 5,294 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of The RMR Group by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock worth $926,000 after buying an additional 4,390 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in The RMR Group by 4.3% in the third quarter. Martingale Asset Management L P now owns 68,249 shares of the financial services provider’s stock valued at $1,732,000 after acquiring an additional 2,842 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

Shares of RMR stock opened at $16.70 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The RMR Group Inc. has a fifty-two week low of $16.22 and a fifty-two week high of $26.43. The firm’s 50 day moving average price is $18.15 and its two-hundred day moving average price is $21.28. The stock has a market cap of $531.83 million, a price-to-earnings ratio of 12.56 and a beta of 1.19.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 10.78%. The RMR Group’s dividend payout ratio (DPR) is 135.34%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday.

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.