Nantahala Capital Management LLC Has $6.80 Million Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Nantahala Capital Management LLC lowered its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 13.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 300,792 shares of the financial services provider’s stock after selling 45,000 shares during the period. Nantahala Capital Management LLC owned about 0.95% of The RMR Group worth $6,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wasatch Advisors LP raised its stake in The RMR Group by 24.3% during the fourth quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider’s stock worth $10,325,000 after acquiring an additional 71,549 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in The RMR Group by 203.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider’s stock valued at $1,513,000 after purchasing an additional 42,288 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of The RMR Group by 19.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider’s stock valued at $6,753,000 after acquiring an additional 39,270 shares during the last quarter. Garner Asset Management Corp boosted its holdings in shares of The RMR Group by 14.8% during the 2nd quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock valued at $6,385,000 after acquiring an additional 36,369 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in The RMR Group in the first quarter valued at about $689,000. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Trading Up 2.0 %

NASDAQ:RMR opened at $25.38 on Tuesday. The RMR Group Inc. has a 1-year low of $21.60 and a 1-year high of $28.82. The stock has a market cap of $805.33 million, a P/E ratio of 9.43 and a beta of 1.26. The stock’s 50-day moving average is $24.86 and its 200-day moving average is $23.97.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. The firm had revenue of $205.48 million for the quarter, compared to the consensus estimate of $227.68 million. During the same quarter in the previous year, the business posted $0.48 EPS. As a group, equities analysts forecast that The RMR Group Inc. will post 1.64 EPS for the current year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.09%. The RMR Group’s dividend payout ratio (DPR) is presently 66.91%.

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.