41,500 Shares in The RMR Group Inc. $RMR Purchased by Globeflex Capital L P

Globeflex Capital L P purchased a new stake in shares of The RMR Group Inc. (NASDAQ:RMR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,500 shares of the financial services provider’s stock, valued at approximately $852,000. Globeflex Capital L P owned about 0.13% of The RMR Group at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RMR. Vanguard Group Inc. raised its holdings in shares of The RMR Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,616,140 shares of the financial services provider’s stock worth $25,422,000 after acquiring an additional 6,439 shares in the last quarter. Nantahala Capital Management LLC raised its stake in The RMR Group by 55.9% during the second quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock valued at $18,768,000 after purchasing an additional 411,700 shares in the last quarter. Bank of America Corp DE lifted its position in The RMR Group by 76.1% during the first quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock valued at $14,561,000 after purchasing an additional 406,888 shares during the last quarter. Flat Footed LLC lifted its position in The RMR Group by 2.4% during the first quarter. Flat Footed LLC now owns 802,739 shares of the financial services provider’s stock valued at $12,418,000 after purchasing an additional 18,776 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of The RMR Group by 12.1% in the 4th quarter. Federated Hermes Inc. now owns 576,628 shares of the financial services provider’s stock worth $8,592,000 after buying an additional 62,307 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Down 1.6%

Shares of RMR opened at $19.68 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $20.09 and a 200 day moving average of $18.51. The company has a market cap of $631.33 million, a PE ratio of 17.26 and a beta of 1.05. The RMR Group Inc. has a 52-week low of $14.27 and a 52-week high of $21.45.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $153.51 million for the quarter, compared to the consensus estimate of $147.60 million. The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. On average, sell-side analysts expect that The RMR Group Inc. will post 0.63 EPS for the current year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.1%. The ex-dividend date was Monday, July 20th. The RMR Group’s payout ratio is 157.89%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded The RMR Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.