Proficio Capital Partners LLC Acquires Shares of 15,459 The RMR Group Inc. (NASDAQ:RMR)

Proficio Capital Partners LLC bought a new position in The RMR Group Inc. (NASDAQ:RMR) during the 4th quarter, Holdings Channel reports. The fund bought 15,459 shares of the financial services provider’s stock, valued at approximately $319,000.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in 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 purchasing an additional 908 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of The RMR Group by 77.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider’s stock valued at $307,000 after buying an additional 5,294 shares in the last quarter. BayBridge Capital Group LLC raised its position in shares of The RMR Group by 8.3% during the 4th quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider’s stock valued at $451,000 after buying an additional 1,671 shares in the last quarter. Corsair Capital Management L.P. lifted its holdings in shares of The RMR Group by 92,252.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 21,241 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 21,218 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in The RMR Group by 12.9% in the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 2,831 shares in the last quarter. 42.31% of the stock is owned by institutional investors.

The RMR Group Price Performance

The RMR Group stock opened at $16.71 on Wednesday. The RMR Group Inc. has a 12-month low of $16.61 and a 12-month high of $26.43. 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 50-day moving average price of $18.32 and a 200-day moving average price of $21.40. The firm has a market capitalization of $532.15 million, a PE ratio of 12.56 and a beta of 1.19.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 annualized dividend and a dividend yield of 10.77%. The RMR Group’s dividend payout ratio (DPR) is 135.34%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded The RMR Group from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.