The RMR Group Inc. (NASDAQ:RMR) Short Interest Up 50.0% in November

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 210,300 shares, a growth of 50.0% from the November 15th total of 140,200 shares. Based on an average daily volume of 72,800 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.5% of the shares of the stock are sold short.

The RMR Group Price Performance

Shares of NASDAQ:RMR traded up $0.06 during midday trading on Friday, hitting $21.97. The company's stock had a trading volume of 89,460 shares, compared to its average volume of 85,561. The RMR Group has a 12-month low of $21.46 and a 12-month high of $28.82. The company has a market cap of $699.74 million, a P/E ratio of 16.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The business's 50 day simple moving average is $23.50 and its 200 day simple moving average is $23.99.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The company had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. On average, analysts forecast that The RMR Group will post 1.62 EPS for the current year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group's dividend payout ratio (DPR) is presently 132.35%.

Institutional Trading of The RMR Group

Several hedge funds have recently made changes to their positions in RMR. International Assets Investment Management LLC lifted its position in The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of The RMR Group by 327.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider's stock worth $60,000 after purchasing an additional 2,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in The RMR Group by 56.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider's stock valued at $149,000 after purchasing an additional 2,378 shares during the period. SG Americas Securities LLC acquired a new position in The RMR Group during the third quarter worth $150,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of The RMR Group by 42.8% in the second quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider's stock valued at $181,000 after buying an additional 2,405 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Company 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.