Royce & Associates LP Sells 12,688 Shares of The RMR Group Inc. (NASDAQ:RMR)

Royce & Associates LP trimmed its position in The RMR Group Inc. (NASDAQ:RMR) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 481,442 shares of the financial services provider’s stock after selling 12,688 shares during the period. Royce & Associates LP owned 1.52% of The RMR Group worth $12,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in RMR. International Assets Investment Management LLC raised its position 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 buying an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. raised its position 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 buying an additional 2,051 shares in the last quarter. Covestor Ltd raised its position 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 buying an additional 1,210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in The RMR Group by 56.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 2,378 shares during the period. Finally, SG Americas Securities LLC purchased a new position in The RMR Group in the 3rd quarter worth $150,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $22.19 on Friday. The stock has a market cap of $704.09 million, a PE ratio of 16.32 and a beta of 1.26. The company’s fifty day moving average is $24.69 and its 200 day moving average is $24.24. The RMR Group Inc. has a 52 week low of $22.01 and a 52 week high of $28.82. The company has a quick ratio of 1.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.10.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The business had revenue of $212.30 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.48 EPS. Research analysts anticipate that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date was Monday, October 28th. The RMR Group’s payout ratio is 132.35%.

The RMR Group 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.