Royce & Associates LP Decreases Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Royce & Associates LP decreased its position in The RMR Group Inc. (NASDAQ:RMR) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 481,442 shares of the financial services provider’s stock after selling 12,688 shares during the quarter. Royce & Associates LP’s holdings in The RMR Group were worth $12,219,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of The RMR Group by 2,439.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 2,051 shares in the last quarter. Covestor Ltd boosted its stake in shares of The RMR Group by 44.3% during the 1st quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,210 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of The RMR Group during the 3rd quarter valued at about $150,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of The RMR Group by 75.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 2,780 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Trading Down 1.5 %

Shares of RMR opened at $22.19 on Friday. The firm’s 50-day moving average price is $24.69 and its 200-day moving average price is $24.24. The firm has a market capitalization of $704.09 million, a price-to-earnings ratio of 16.32 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 1.86 and a debt-to-equity ratio of 0.10. The RMR Group Inc. has a 1-year low of $22.01 and a 1-year high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The business had revenue of $212.30 million for the quarter, compared to the consensus estimate of $220.15 million. During the same period in the previous year, the firm earned $0.48 EPS. Sell-side analysts anticipate that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Dividend Announcement

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 8.11%. The ex-dividend date was Monday, October 28th. The RMR Group’s payout ratio is currently 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.