Hotchkis & Wiley Capital Management LLC Cuts Holdings in The RMR Group Inc. $RMR

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in The RMR Group by 23.4%, now holding 676,440 shares valued at approximately $11.26 million.
• Despite the decrease by Hotchkis & Wiley, other hedge funds such as Nantahala Capital Management LLC and Garner Asset Management Corp increased their holdings in The RMR Group by 32.8% and 29.9% respectively.
• The RMR Group recently announced a quarterly dividend of $0.45 per share, reflecting a notable annualized yield of 10.5%.

Hotchkis & Wiley Capital Management LLC decreased its position in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 23.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 676,440 shares of the financial services provider's stock after selling 207,040 shares during the period. Hotchkis & Wiley Capital Management LLC owned 2.12% of The RMR Group worth $11,263,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Nantahala Capital Management LLC boosted its stake in shares of The RMR Group by 32.8% in the 4th quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider's stock worth $9,304,000 after buying an additional 111,306 shares during the last quarter. Garner Asset Management Corp lifted its holdings in The RMR Group by 29.9% during the first quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider's stock worth $6,960,000 after acquiring an additional 96,315 shares during the period. Dimensional Fund Advisors LP lifted its holdings in The RMR Group by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider's stock worth $7,846,000 after acquiring an additional 26,661 shares during the period. Northern Trust Corp boosted its position in The RMR Group by 9.2% in the fourth quarter. Northern Trust Corp now owns 168,664 shares of the financial services provider's stock worth $3,481,000 after purchasing an additional 14,177 shares during the last quarter. Finally, Millennium Management LLC grew its stake in The RMR Group by 182.2% in the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider's stock valued at $2,242,000 after purchasing an additional 70,127 shares during the period. Institutional investors own 42.31% of the company's stock.

The RMR Group Trading Up 6.6%

Shares of The RMR Group stock opened at $17.13 on Friday. The firm has a market cap of $545.93 million, a PE ratio of 14.64 and a beta of 1.15. The RMR Group Inc. has a 1 year low of $13.48 and a 1 year high of $26.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $16.72 and a 200-day moving average price of $16.38.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The company had revenue of $154.73 million for the quarter, compared to the consensus estimate of $201.80 million. Equities research analysts anticipate that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend was Monday, July 21st. The RMR Group's dividend payout ratio is currently 153.85%.

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.

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