Cubist Systematic Strategies LLC Acquires Shares of 45,840 The RMR Group Inc. $RMR

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in The RMR Group Inc. worth approximately $763,000, buying 45,840 shares during the first quarter.
• Several hedge funds, including GAMMA Investing LLC and Quantbot Technologies LP, significantly increased their holdings in The RMR Group, with GAMMA raising its stake by 20,880.0%.
• The RMR Group reported a quarterly earnings per share of $0.28, meeting analysts' estimates, but revenues were below expectations at $154.73 million compared to $201.80 million forecasted.

Cubist Systematic Strategies LLC bought a new stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,840 shares of the financial services provider's stock, valued at approximately $763,000. Cubist Systematic Strategies LLC owned approximately 0.14% of The RMR Group at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of The RMR Group by 20,880.0% during the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider's stock worth $35,000 after acquiring an additional 2,088 shares during the period. AlphaQuest LLC increased its position in The RMR Group by 131.3% during the 1st quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider's stock worth $40,000 after purchasing an additional 1,366 shares in the last quarter. Magnetar Financial LLC acquired a new stake in The RMR Group during the 1st quarter worth approximately $197,000. Quantbot Technologies LP increased its position in The RMR Group by 336.4% during the 1st quarter. Quantbot Technologies LP now owns 13,279 shares of the financial services provider's stock worth $221,000 after purchasing an additional 10,236 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in The RMR Group during the 1st quarter worth approximately $232,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Trading Down 0.6%

RMR traded down $0.11 on Friday, reaching $17.05. 43,453 shares of the company's stock were exchanged, compared to its average volume of 71,166. The company's 50 day moving average is $16.77 and its 200-day moving average is $16.24. The company has a market cap of $543.38 million, a price-to-earnings ratio of 14.57 and a beta of 1.20. The RMR Group Inc. has a twelve month low of $13.48 and a twelve month high of $26.06. 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 RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The firm had revenue of $154.73 million during the quarter, compared to the consensus estimate of $201.80 million. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. Equities analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders 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 10.6%. The RMR Group's dividend payout ratio (DPR) is 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.