Kovack Advisors Inc. Lowers Position in The RMR Group Inc. (NASDAQ:RMR)

Kovack Advisors Inc. cut its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 10.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,769 shares of the financial services provider’s stock after selling 1,879 shares during the period. Kovack Advisors Inc.’s holdings in The RMR Group were worth $400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWA Asset Management Group LLC purchased a new stake in shares of The RMR Group during the third quarter worth about $469,000. Harbor Capital Advisors Inc. increased its stake in The RMR Group by 124.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 33,329 shares of the financial services provider’s stock worth $846,000 after buying an additional 18,493 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in The RMR Group by 2.8% during the 3rd 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 in the last quarter. BayBridge Capital Group LLC raised its stake in The RMR Group by 9.0% in the 3rd quarter. BayBridge Capital Group LLC now owns 20,156 shares of the financial services provider’s stock valued at $512,000 after purchasing an additional 1,656 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Trading Down 1.2 %

Shares of The RMR Group stock opened at $22.52 on Friday. The stock’s 50 day simple moving average is $24.77 and its 200-day simple moving average is $24.26. The stock has a market cap of $714.56 million, a P/E ratio of 16.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 1.86. The RMR Group Inc. has a 1-year low of $22.01 and a 1-year high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share 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 analysts’ expectations of $220.15 million. The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. During the same period last year, the company earned $0.48 EPS. Analysts predict that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.45 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 7.99%. The RMR Group’s dividend payout ratio is currently 132.35%.

About The RMR Group

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.