Millennium Management LLC Acquires 70,127 Shares of The RMR Group Inc. (NASDAQ:RMR)

Millennium Management LLC increased its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 182.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,619 shares of the financial services provider's stock after purchasing an additional 70,127 shares during the quarter. Millennium Management LLC owned 0.34% of The RMR Group worth $2,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Nantahala Capital Management LLC increased its position 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 valued at $9,304,000 after acquiring an additional 111,306 shares during the period. Garner Asset Management Corp increased its position in shares of The RMR Group by 11.6% in 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 acquiring an additional 33,411 shares during the period. Ameriprise Financial Inc. increased its position 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 acquiring an additional 31,285 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of The RMR Group in the fourth quarter valued at about $603,000. Finally, Dimensional Fund Advisors LP increased its position in shares of The RMR Group by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider's stock valued at $7,846,000 after acquiring an additional 26,661 shares during the period. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Trading Down 2.3%

Shares of NASDAQ RMR traded down $0.36 during midday trading on Thursday, hitting $15.05. 108,768 shares of the company traded hands, compared to its average volume of 118,536. The RMR Group Inc. has a 12-month low of $13.48 and a 12-month high of $26.43. 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 stock has a 50-day moving average price of $15.00 and a 200 day moving average price of $17.93. The firm has a market cap of $479.75 million, a P/E ratio of 11.32 and a beta of 1.10.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The RMR Group had a net margin of 2.62% and a return on equity of 5.83%. The company had revenue of $166.67 million for the quarter, compared to analysts' expectations of $214.10 million. As a group, analysts expect that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.96%. The ex-dividend date was Tuesday, April 22nd. The RMR Group's dividend payout ratio is currently 148.76%.

Wall Street Analyst Weigh In

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