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

The RMR Group Inc. (NASDAQ:RMR) saw a large 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 short-interest ratio is currently 2.1 days. Approximately 1.4% of the company’s stock are sold short.

The RMR Group Price Performance

NASDAQ RMR traded down $0.06 during mid-day trading on Monday, reaching $25.24. The stock had a trading volume of 61,841 shares, compared to its average volume of 88,459. The RMR Group has a 1 year low of $21.60 and a 1 year high of $28.82. The stock has a market cap of $800.89 million, a PE ratio of 9.38 and a beta of 1.26. The company has a fifty day moving average price of $24.82 and a 200 day moving average price of $23.88.

The RMR Group (NASDAQ:RMR) last announced 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 company had revenue of $205.48 million for the quarter, compared to analysts’ expectations of $227.68 million. The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, equities research analysts expect that The RMR Group will post 1.64 earnings per share for the current year.

The RMR Group Announces Dividend

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

Institutional Investors Weigh In On The RMR Group

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in shares of The RMR Group by 327.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,051 shares in the last quarter. Covestor Ltd increased its stake in shares of The RMR Group by 44.3% in the 1st quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 1,210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of The RMR Group by 75.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,445 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 2,780 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of The RMR Group by 42.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 2,405 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

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.