The RMR Group Inc. (NASDAQ:RMR) Short Interest Up 41.2% in August

The RMR Group Inc. (NASDAQ:RMR) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 201,200 shares, an increase of 41.2% from the August 15th total of 142,500 shares. Based on an average trading volume of 94,100 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Trading of The RMR Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of The RMR Group by 203.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider’s stock valued at $1,513,000 after purchasing an additional 42,288 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of The RMR Group by 19.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider’s stock valued at $6,753,000 after purchasing an additional 39,270 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of The RMR Group by 24.3% during the fourth quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider’s stock valued at $10,325,000 after purchasing an additional 71,549 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of The RMR Group during the first quarter valued at approximately $689,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of The RMR Group by 31.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 37,290 shares of the financial services provider’s stock valued at $1,053,000 after purchasing an additional 8,975 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Stock Down 0.2 %

Shares of The RMR Group stock traded down $0.06 during trading on Monday, reaching $25.24. 61,841 shares of the stock were exchanged, compared to its average volume of 88,459. The stock’s fifty day moving average is $24.82 and its 200 day moving average is $23.88. The firm has a market cap of $800.89 million, a price-to-earnings ratio of 9.38 and a beta of 1.26. The RMR Group has a 1 year low of $21.60 and a 1 year high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $205.48 million for the quarter, compared to analysts’ expectations of $227.68 million. The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities analysts forecast that The RMR Group will post 1.64 earnings per share for the current year.

The RMR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $1.80 annualized dividend and a yield of 7.13%. The RMR Group’s dividend payout ratio (DPR) is presently 66.91%.

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.