The RMR Group Inc. (NASDAQ:RMR) Short Interest Update

The RMR Group Inc. (NASDAQ:RMR) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 249,100 shares, a drop of 19.2% from the February 28th total of 308,400 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 157,700 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded The RMR Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC grew its position in shares of The RMR Group by 40.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock worth $20,946,000 after buying an additional 238,360 shares during the period. Nantahala Capital Management LLC increased its stake in The RMR Group by 32.8% in the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider’s stock valued at $9,304,000 after purchasing an additional 111,306 shares in the last quarter. Millennium Management LLC raised its holdings in shares of The RMR Group by 182.2% during the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock valued at $2,242,000 after purchasing an additional 70,127 shares during the period. Garner Asset Management Corp boosted its position in shares of The RMR Group by 11.6% during the 4th quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider’s stock worth $6,516,000 after purchasing an additional 33,411 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of The RMR Group by 78.3% in the 4th quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider’s stock valued at $1,471,000 after buying an additional 31,285 shares during the period. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Trading Down 1.3 %

RMR traded down $0.21 during trading on Tuesday, reaching $16.44. 205,781 shares of the company’s stock were exchanged, compared to its average volume of 104,476. The firm has a fifty day moving average price of $18.09 and a two-hundred day moving average price of $21.18. The stock has a market capitalization of $523.55 million, a PE ratio of 12.36 and a beta of 1.19. The RMR Group has a one year low of $16.22 and a one year high of $26.43. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 10.95%. The RMR Group’s dividend payout ratio is currently 135.34%.

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.