GSA Capital Partners LLP Invests $801,000 in The RMR Group Inc. $RMR

GSA Capital Partners LLP acquired a new stake in The RMR Group Inc. (NASDAQ:RMR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 50,901 shares of the financial services provider’s stock, valued at approximately $801,000.

Several other hedge funds have also added to or reduced their stakes in RMR. NewEdge Advisors LLC grew its stake in The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,124 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of The RMR Group by 12.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 1,212 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of The RMR Group by 538.5% in the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,400 shares during the period. Qube Research & Technologies Ltd grew its position in shares of The RMR Group by 2.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 61,809 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 1,641 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in The RMR Group by 1,307.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,647 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Tremont Realty Capital Llc purchased 2,015,748 shares of the stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of $8.65 per share, with a total value of $17,436,220.20. Following the transaction, the insider directly owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This trade represents a 78.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 54.69% of the stock is currently owned by corporate insiders.

The RMR Group Trading Down 0.2%

Shares of RMR opened at $16.49 on Friday. The stock has a market capitalization of $528.67 million, a price-to-earnings ratio of 11.95 and a beta of 0.96. The RMR Group Inc. has a 12 month low of $13.48 and a 12 month high of $19.06. The firm has a fifty day simple moving average of $15.96 and a 200 day simple moving average of $15.86.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $180.42 million for the quarter, compared to analysts’ expectations of $214.10 million. The RMR Group had a net margin of 3.52% and a return on equity of 4.03%. As a group, research analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 26th. This represents a $1.80 annualized dividend and a yield of 10.9%. The RMR Group’s dividend payout ratio is 130.43%.

Wall Street Analysts Forecast Growth

RMR has been the topic of a number of research reports. Weiss Ratings raised shares of The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of The RMR Group from a “sell” rating to a “hold” rating in a research report on Monday, December 22nd. LADENBURG THALM/SH SH began coverage on shares of The RMR Group in a research note on Wednesday, January 7th. They issued a “buy” rating and a $17.00 target price for the company. Finally, Zacks Research upgraded The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.50.

The RMR Group Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.