Connor Clark & Lunn Investment Management Ltd. Makes New $236,000 Investment in The RMR Group Inc. $RMR

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of The RMR Group Inc. (NASDAQ:RMR) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 14,165 shares of the financial services provider’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RMR. Stifel Financial Corp boosted its stake in The RMR Group by 1.2% during the 4th quarter. Stifel Financial Corp now owns 66,184 shares of the financial services provider’s stock worth $1,366,000 after acquiring an additional 771 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in The RMR Group by 2.2% in the first quarter. Linden Thomas Advisory Services LLC now owns 48,038 shares of the financial services provider’s stock worth $800,000 after purchasing an additional 1,056 shares during the period. Wells Fargo & Company MN boosted its position in shares of The RMR Group by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 2,010 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of The RMR Group by 20,880.0% in the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider’s stock valued at $35,000 after buying an additional 2,088 shares during the period. Finally, Bank of America Corp DE increased its position in shares of The RMR Group by 11.5% in the 4th quarter. Bank of America Corp DE now owns 23,831 shares of the financial services provider’s stock valued at $492,000 after buying an additional 2,460 shares in the last quarter. 42.31% of the stock is owned by institutional investors.

The RMR Group Stock Performance

Shares of The RMR Group stock opened at $16.27 on Thursday. The stock’s fifty day simple moving average is $16.70 and its 200 day simple moving average is $16.43. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $518.52 million, a PE ratio of 13.91 and a beta of 1.15. The RMR Group Inc. has a 12 month low of $13.48 and a 12 month high of $26.06.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $154.73 million during the quarter, compared to the consensus estimate of $201.80 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%. On average, research analysts predict that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, July 21st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.1%. The ex-dividend date was Monday, July 21st. The RMR Group’s dividend payout ratio (DPR) is 153.85%.

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.