AlphaQuest LLC Buys 1,366 Shares of The RMR Group Inc. $RMR

AlphaQuest LLC lifted its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 131.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,406 shares of the financial services provider’s stock after purchasing an additional 1,366 shares during the quarter. AlphaQuest LLC’s holdings in The RMR Group were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Garner Asset Management Corp boosted its position in shares of The RMR Group by 29.9% during the 1st quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider’s stock worth $6,960,000 after purchasing an additional 96,315 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in The RMR Group by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider’s stock valued at $7,846,000 after acquiring an additional 26,661 shares in the last quarter. Northern Trust Corp lifted its position in The RMR Group by 9.2% in the 4th quarter. Northern Trust Corp now owns 168,664 shares of the financial services provider’s stock valued at $3,481,000 after acquiring an additional 14,177 shares in the last quarter. Millennium Management LLC lifted its position in The RMR Group by 182.2% in the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock valued at $2,242,000 after acquiring an additional 70,127 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in The RMR Group by 20.7% in the 4th quarter. Baird Financial Group Inc. now owns 74,475 shares of the financial services provider’s stock valued at $1,537,000 after acquiring an additional 12,763 shares in the last quarter. Institutional investors own 42.31% of the company’s stock.

The RMR Group Price Performance

Shares of NASDAQ RMR opened at $16.80 on Friday. The RMR Group Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $26.06. The stock has a market cap of $535.42 million, a price-to-earnings ratio of 14.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50-day simple moving average is $16.78 and its 200 day simple moving average is $16.29.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The business had revenue of $154.73 million for the quarter, compared to analysts’ expectations of $201.80 million. As a group, research analysts anticipate that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.80 annualized dividend and a yield of 10.7%. The RMR Group’s dividend payout ratio (DPR) is presently 153.85%.

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.