The RMR Group Inc. (NASDAQ:RMR) Short Interest Down 19.2% in March

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

The RMR Group Price Performance

Shares of The RMR Group stock opened at $16.70 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $18.15 and a 200-day simple moving average of $21.23. The stock has a market capitalization of $531.83 million, a price-to-earnings ratio of 12.56 and a beta of 1.19. The RMR Group has a 1-year low of $16.22 and a 1-year high of $26.43.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date was Monday, January 27th. The RMR Group’s dividend payout ratio is 135.34%.

Institutional Investors Weigh In On The RMR Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in The RMR Group during the fourth quarter worth $63,000. SG Americas Securities LLC raised its position in shares of The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock valued at $141,000 after buying an additional 908 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in shares of The RMR Group by 252.2% in the fourth quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after buying an additional 5,800 shares during the period. Wells Fargo & Company MN grew its position in The RMR Group by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock worth $190,000 after buying an additional 2,010 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in The RMR Group by 140.1% during the fourth quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 7,885 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th.

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.