Globeflex Capital L P Makes New $852,000 Investment in The RMR Group Inc. $RMR

Globeflex Capital L P bought a new position in shares of The RMR Group Inc. (NASDAQ:RMR) during the second quarter, HoldingsChannel reports. The institutional investor bought 41,500 shares of the financial services provider’s stock, valued at approximately $852,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RMR. Vanguard Group Inc. boosted its holdings in shares of The RMR Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,616,140 shares of the financial services provider’s stock valued at $25,422,000 after purchasing an additional 6,439 shares during the period. Nantahala Capital Management LLC increased its holdings in The RMR Group by 55.9% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock worth $18,768,000 after purchasing an additional 411,700 shares during the period. Bank of America Corp DE raised its position in The RMR Group by 76.1% during the 1st 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 in the last quarter. Flat Footed LLC raised its position in The RMR Group by 2.4% during the 1st 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 in the last quarter. Finally, Federated Hermes Inc. lifted its holdings 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 during the period. Institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Down 1.6%

Shares of NASDAQ RMR opened at $19.68 on Tuesday. The RMR Group Inc. has a 12-month low of $14.27 and a 12-month high of $21.45. The stock’s fifty day simple moving average is $20.09 and its two-hundred day simple moving average is $18.51. The stock has a market capitalization of $631.33 million, a PE ratio of 17.26 and a beta of 1.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06.

The RMR Group (NASDAQ:RMR) last issued 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 RMR Group had a return on equity of 2.96% and a net margin of 3.10%.The company had revenue of $153.51 million for the quarter, compared to analysts’ expectations of $147.60 million. As a group, analysts expect that The RMR Group Inc. will post 0.63 EPS for the current fiscal year.

The RMR Group Announces Dividend

The company also recently declared 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 of this dividend was Monday, July 20th. The RMR Group’s dividend payout ratio is presently 157.89%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

The RMR Group 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.