CWA Asset Management Group LLC Raises Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

CWA Asset Management Group LLC lifted its holdings in The RMR Group Inc. (NASDAQ:RMR) by 160.2% in the fourth quarter, HoldingsChannel reports. The firm owned 48,029 shares of the financial services provider’s stock after purchasing an additional 29,568 shares during the quarter. CWA Asset Management Group LLC’s holdings in The RMR Group were worth $991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Unison Advisors LLC lifted its stake in shares of The RMR Group by 2.0% in the 3rd quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider’s stock valued at $545,000 after purchasing an additional 412 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in The RMR Group by 18.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after buying an additional 500 shares during the period. Cubist Systematic Strategies LLC lifted its position in The RMR Group by 7.7% in the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after buying an additional 639 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in The RMR Group by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock worth $764,000 after buying an additional 817 shares during the period. Finally, Rhumbline Advisers increased its position in The RMR Group by 1.7% during the second quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider’s stock valued at $1,228,000 after acquiring an additional 925 shares during the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Price Performance

The RMR Group stock opened at $19.39 on Wednesday. The firm has a market capitalization of $617.49 million, a PE ratio of 14.26 and a beta of 1.24. The RMR Group Inc. has a 12-month low of $19.38 and a 12-month high of $28.77. The firm has a 50-day moving average price of $22.06 and a 200-day moving average price of $23.74. 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 (NASDAQ:RMR) last announced its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $212.30 million during the quarter, compared to the consensus estimate 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. As a group, equities research analysts forecast that The RMR Group Inc. will post 1.62 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. Shareholders of record on Monday, October 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.28%. The ex-dividend date was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is presently 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.