Proficio Capital Partners LLC Invests $319,000 in The RMR Group Inc. (NASDAQ:RMR)

Proficio Capital Partners LLC bought a new stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,459 shares of the financial services provider's stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RMR. BayBridge Capital Group LLC raised its position in The RMR Group by 8.3% in the fourth quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider's stock worth $451,000 after acquiring an additional 1,671 shares during the period. SG Americas Securities LLC increased its stake in shares of The RMR Group by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider's stock worth $141,000 after purchasing an additional 908 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in shares of The RMR Group by 160.2% in the 4th quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider's stock worth $991,000 after purchasing an additional 29,568 shares during the period. JPMorgan Chase & Co. lifted its stake in The RMR Group by 36.6% in the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider's stock valued at $2,867,000 after purchasing an additional 30,258 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in The RMR Group by 12.9% during the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider's stock valued at $625,000 after purchasing an additional 2,831 shares during the period. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $17.80 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $566.86 million, a price-to-earnings ratio of 13.38 and a beta of 1.19. The company's fifty day moving average price is $18.86 and its 200-day moving average price is $21.96. The RMR Group Inc. has a one year low of $17.75 and a one year high of $26.43.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 10.11%. The ex-dividend date was Monday, January 27th. The RMR Group's dividend payout ratio is currently 135.34%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of The RMR Group from a "buy" rating to a "hold" rating in a research note on Saturday.

Remove Ads

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.

Want to see what other hedge funds are holding RMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The RMR Group Inc. (NASDAQ:RMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.