Cwm LLC Purchases 4,458 Shares of The RMR Group Inc. $RMR

Cwm LLC raised its position in The RMR Group Inc. (NASDAQ:RMR) by 216.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,522 shares of the financial services provider’s stock after buying an additional 4,458 shares during the quarter. Cwm LLC’s holdings in The RMR Group were worth $107,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nantahala Capital Management LLC grew its position in shares of The RMR Group by 63.3% in the first quarter. Nantahala Capital Management LLC now owns 736,202 shares of the financial services provider’s stock valued at $12,258,000 after purchasing an additional 285,410 shares in the last quarter. Garner Asset Management Corp grew its position in shares of The RMR Group by 29.9% in the first quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider’s stock valued at $6,960,000 after purchasing an additional 96,315 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of The RMR Group in the first quarter valued at $988,000. Trexquant Investment LP purchased a new position in shares of The RMR Group in the first quarter valued at $946,000. Finally, Nuveen LLC purchased a new position in shares of The RMR Group in the first quarter valued at $787,000. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Price Performance

The RMR Group stock opened at $15.47 on Friday. The RMR Group Inc. has a 52 week low of $13.48 and a 52 week high of $24.84. The business has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $15.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11. The stock has a market cap of $493.03 million, a price-to-earnings ratio of 13.22 and a beta of 1.19.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%.The business had revenue of $154.73 million during the quarter, compared to analysts’ expectations of $201.80 million. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, October 27th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.6%. The ex-dividend date is Monday, October 27th. The RMR Group’s payout ratio is presently 153.85%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of The RMR Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $24.00.

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.