The RMR Group Inc. (NASDAQ:RMR) Short Interest Update

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 249,100 shares, a decrease of 19.2% from the February 28th total of 308,400 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 157,700 shares, the short-interest ratio is presently 1.6 days.

The RMR Group Price Performance

Shares of NASDAQ RMR traded down $0.22 during mid-day trading on Thursday, hitting $16.01. 131,937 shares of the stock were exchanged, compared to its average volume of 105,092. The RMR Group has a twelve month low of $15.94 and a twelve month high of $26.43. The stock's fifty day simple moving average is $17.97 and its two-hundred day simple moving average is $21.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $509.85 million, a P/E ratio of 12.04 and a beta of 1.19.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 11.24%. The RMR Group's payout ratio is 135.34%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of The RMR Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th.

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Hedge Funds Weigh In On The RMR Group

A number of institutional investors and hedge funds have recently bought and sold shares of RMR. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider's stock valued at $20,946,000 after buying an additional 238,360 shares during the last quarter. Nantahala Capital Management LLC raised its stake in shares of The RMR Group by 32.8% in the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider's stock worth $9,304,000 after acquiring an additional 111,306 shares during the last quarter. Millennium Management LLC lifted its position in shares of The RMR Group by 182.2% during the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider's stock worth $2,242,000 after purchasing an additional 70,127 shares in the last quarter. Garner Asset Management Corp grew its stake in shares of The RMR Group by 11.6% during the fourth quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider's stock valued at $6,516,000 after purchasing an additional 33,411 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of The RMR Group by 78.3% in the fourth quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider's stock valued at $1,471,000 after purchasing an additional 31,285 shares in the last quarter. Institutional investors and hedge funds 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.