Trexquant Investment LP Makes New $946,000 Investment in The RMR Group Inc. $RMR

Key Points

• Trexquant Investment LP has acquired a new position in The RMR Group Inc., purchasing 56,846 shares valued at approximately $946,000, representing a 0.18% ownership stake.
• The RMR Group recently announced a $0.45 per share quarterly dividend, yielding 10.7%, with a payout ratio of 153.85%.
• The company's stock price increased by 0.2%, currently trading at $16.83, following earnings results that matched analysts' expectations with an EPS of $0.28.

Trexquant Investment LP acquired a new stake in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 56,846 shares of the financial services provider's stock, valued at approximately $946,000. Trexquant Investment LP owned about 0.18% of The RMR Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Linden Thomas Advisory Services LLC grew its stake in shares of The RMR Group by 2.2% during the first quarter. Linden Thomas Advisory Services LLC now owns 48,038 shares of the financial services provider's stock valued at $800,000 after buying an additional 1,056 shares during the last quarter. AlphaQuest LLC grew its stake 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. GAMMA Investing LLC grew its stake 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. Bank of America Corp DE grew its stake in shares of The RMR Group by 11.5% during the fourth quarter. Bank of America Corp DE now owns 23,831 shares of the financial services provider's stock valued at $492,000 after buying an additional 2,460 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of The RMR Group by 4.3% during the first quarter. Martingale Asset Management L P now owns 71,895 shares of the financial services provider's stock valued at $1,197,000 after buying an additional 2,984 shares during the last quarter. 42.31% of the stock is owned by institutional investors.

The RMR Group Trading Down 0.6%

Shares of NASDAQ:RMR traded down $0.11 on Friday, reaching $17.05. 43,453 shares of the company traded hands, compared to its average volume of 71,166. The business's 50-day simple moving average is $16.77 and its 200 day simple moving average is $16.24. The RMR Group Inc. has a 52 week low of $13.48 and a 52 week high of $26.06. The stock has a market capitalization of $543.38 million, a P/E ratio of 14.57 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 (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 the consensus estimate of $0.28. The company had revenue of $154.73 million for the quarter, compared to analysts' expectations of $201.80 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%. As a group, equities analysts anticipate that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.80 annualized dividend and a dividend yield of 10.6%. The RMR Group's dividend payout ratio (DPR) is presently 153.85%.

The RMR Group Profile

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.