CWA Asset Management Group LLC Purchases 29,568 Shares of The RMR Group Inc. (NASDAQ:RMR)

CWA Asset Management Group LLC raised its position in shares of The RMR Group Inc. (NASDAQ:RMR) by 160.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,029 shares of the financial services provider’s stock after purchasing an additional 29,568 shares during the quarter. CWA Asset Management Group LLC owned 0.15% of The RMR Group worth $991,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC grew its stake in shares of The RMR Group by 40.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after purchasing an additional 238,360 shares during the period. Federated Hermes Inc. boosted its holdings in The RMR Group by 4.7% in the 2nd quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after buying an additional 23,654 shares during the period. Renaissance Technologies LLC increased its stake in The RMR Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 454,217 shares of the financial services provider’s stock worth $10,265,000 after buying an additional 1,303 shares in the last quarter. Garner Asset Management Corp raised its holdings in The RMR Group by 2.0% during the third quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider’s stock valued at $7,316,000 after acquiring an additional 5,745 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of The RMR Group by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 147,913 shares of the financial services provider’s stock valued at $3,343,000 after acquiring an additional 10,303 shares in the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

NASDAQ:RMR opened at $19.39 on Wednesday. The stock has a 50-day moving average price of $22.06 and a 200 day moving average price of $23.74. The stock has a market capitalization of $617.49 million, a P/E ratio of 14.26 and a beta of 1.24. The RMR Group Inc. has a 12-month low of $19.38 and a 12-month high of $28.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. The company had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $220.15 million. During the same period last year, the business earned $0.48 earnings per share. Equities research analysts forecast that The RMR Group Inc. will post 1.62 EPS for the current fiscal year.

The RMR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.28%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is presently 132.35%.

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.