Jacobs Levy Equity Management Inc. Has $1.46 Million Stock Position in The RMR Group Inc. $RMR

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its stake in The RMR Group by 53.8% in Q1, now owning approximately 0.28% of the company valued at $1.46 million.
• Other hedge funds also raised their positions, with Aviance Capital Partners LLC increasing its holdings by 187.7% and Nantahala Capital Management LLC by 63.3% in the same quarter.
• The RMR Group announced a quarterly dividend of $0.45 per share, resulting in a yield of 10.5% despite a high payout ratio of 153.85%.

Jacobs Levy Equity Management Inc. raised its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 53.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,666 shares of the financial services provider's stock after buying an additional 30,679 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.28% of The RMR Group worth $1,460,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RMR. Nantahala Capital Management LLC grew its holdings in shares of The RMR Group by 63.3% in the 1st quarter. Nantahala Capital Management LLC now owns 736,202 shares of the financial services provider's stock worth $12,258,000 after purchasing an additional 285,410 shares during the last quarter. Garner Asset Management Corp grew its holdings in shares of The RMR Group by 29.9% in the 1st quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider's stock worth $6,960,000 after purchasing an additional 96,315 shares during the last quarter. Millennium Management LLC grew its holdings in shares of 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 worth $2,242,000 after purchasing an additional 70,127 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of The RMR Group in the 1st quarter worth about $946,000. Finally, Nuveen LLC bought a new stake in shares of The RMR Group in the 1st quarter worth about $787,000. Institutional investors own 42.31% of the company's stock.

The RMR Group Price Performance

Shares of RMR traded down $0.35 during trading hours on Wednesday, hitting $16.93. The stock had a trading volume of 91,974 shares, compared to its average volume of 62,465. The company's fifty day moving average is $16.76 and its two-hundred day moving average is $16.22. 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 RMR Group Inc. has a 52 week low of $13.48 and a 52 week high of $26.06. The stock has a market capitalization of $539.56 million, a price-to-earnings ratio of 14.47 and a beta of 1.20.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The business had revenue of $154.73 million for the quarter, compared to analyst estimates of $201.80 million. On average, 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 declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were given a dividend of $0.45 per share. The ex-dividend date was Monday, July 21st. This represents a $1.80 annualized dividend and a yield of 10.6%. The RMR Group's dividend payout ratio is 153.85%.

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.