CWA Asset Management Group LLC Increases Holdings in The RMR Group Inc. (NASDAQ:RMR)

CWA Asset Management Group LLC raised its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 42.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,535 shares of the financial services provider's stock after purchasing an additional 20,506 shares during the quarter. CWA Asset Management Group LLC owned 0.22% of The RMR Group worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RMR. Nantahala Capital Management LLC boosted its stake in shares of The RMR Group by 32.8% during the 4th 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 in the last quarter. Millennium Management LLC raised its position in shares of The RMR Group by 182.2% during the 4th 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 during the last quarter. Garner Asset Management Corp raised its position in shares of The RMR Group by 11.6% during the 4th quarter. Garner Asset Management Corp now owns 321,684 shares of the financial services provider's stock worth $6,516,000 after purchasing an additional 33,411 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of The RMR Group by 78.3% during the 4th quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider's stock worth $1,471,000 after purchasing an additional 31,285 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of The RMR Group during the 4th quarter worth approximately $603,000. Hedge funds and other institutional investors own 42.31% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RMR shares. B. Riley started coverage on The RMR Group in a research report on Tuesday, April 22nd. They set a "buy" rating and a $24.00 price objective for the company. Wall Street Zen upgraded The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th.

The RMR Group Trading Up 1.3%

RMR traded up $0.21 during trading on Monday, hitting $16.51. The company's stock had a trading volume of 163,913 shares, compared to its average volume of 120,129. The firm's 50 day moving average price is $15.14 and its 200-day moving average price is $17.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $526.34 million, a PE ratio of 13.64 and a beta of 1.13. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.43.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $166.67 million during the quarter, compared to analyst estimates of $214.10 million. The RMR Group had a net margin of 2.51% and a return on equity of 5.35%. On average, analysts expect that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.45 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $1.80 annualized dividend and a yield of 10.90%. The RMR Group's dividend payout ratio (DPR) is presently 148.76%.

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.