Cubist Systematic Strategies LLC Takes $763,000 Position in The RMR Group Inc. $RMR

Cubist Systematic Strategies LLC purchased a new stake in shares of The RMR Group Inc. (NASDAQ:RMR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45,840 shares of the financial services provider’s stock, valued at approximately $763,000. Cubist Systematic Strategies LLC owned about 0.14% of The RMR Group at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of The RMR Group by 20,880.0% during the first quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider’s stock valued at $35,000 after buying an additional 2,088 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of The RMR Group by 131.3% during the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock valued at $40,000 after buying an additional 1,366 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of The RMR Group during the first quarter valued at approximately $197,000. Quantbot Technologies LP raised its holdings in shares of The RMR Group by 336.4% during the first quarter. Quantbot Technologies LP now owns 13,279 shares of the financial services provider’s stock valued at $221,000 after buying an additional 10,236 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of The RMR Group during the first quarter valued at approximately $232,000. Institutional investors own 42.31% of the company’s stock.

The RMR Group Stock Performance

RMR opened at $16.86 on Wednesday. The business’s 50 day moving average is $16.80 and its 200-day moving average is $16.25. The stock has a market cap of $537.33 million, a PE ratio of 14.41 and a beta of 1.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.06.

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

The RMR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a dividend of $0.45 per share. 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 payout ratio 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.