GAMMA Investing LLC Grows Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

GAMMA Investing LLC boosted its position in The RMR Group Inc. (NASDAQ:RMR) by 20,880.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,098 shares of the financial services provider’s stock after acquiring an additional 2,088 shares during the period. GAMMA Investing LLC’s holdings in The RMR Group were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RMR. Quantbot Technologies LP purchased a new stake in shares of The RMR Group during the 4th quarter valued at $63,000. Aquatic Capital Management LLC grew its stake in shares of The RMR Group by 252.2% during the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after buying an additional 5,800 shares during the period. Wells Fargo & Company MN grew its stake in shares of The RMR Group by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after buying an additional 2,010 shares during the period. Deutsche Bank AG grew its stake in shares of The RMR Group by 140.1% during the 4th quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock valued at $279,000 after buying an additional 7,885 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of The RMR Group during the 4th quarter valued at $297,000. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Stock Up 1.0%

Shares of The RMR Group stock opened at $16.64 on Friday. The company has a fifty day moving average price of $15.23 and a 200 day moving average price of $17.32. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.43. The stock has a market cap of $530.48 million, a price-to-earnings ratio of 13.75 and a beta of 1.12.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The RMR Group had a return on equity of 5.35% and a net margin of 2.51%. The business had revenue of $166.67 million for the quarter, compared to analysts’ expectations of $214.10 million. Equities research analysts forecast that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.45 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 10.82%. The RMR Group’s dividend payout ratio is currently 148.76%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RMR. Wall Street Zen raised shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. B. Riley started coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They set a “buy” rating and a $24.00 price target for the company.

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.