Trexquant Investment LP Purchases Shares of 56,846 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 purchased a new position in The RMR Group Inc. (NASDAQ:RMR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 56,846 shares of the financial services provider's stock, valued at approximately $946,000. Trexquant Investment LP owned approximately 0.18% of The RMR Group at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 26,661 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of The RMR Group by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,443 shares of the financial services provider's stock valued at $794,000 after purchasing an additional 4,910 shares during the period. Northern Trust Corp increased its holdings in shares of 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 purchasing an additional 14,177 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of The RMR Group by 78.3% in the 4th quarter. Ameriprise Financial Inc. now owns 71,252 shares of the financial services provider's stock valued at $1,471,000 after purchasing an additional 31,285 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of The RMR Group by 11.5% in the 4th quarter. Bank of America Corp DE now owns 23,831 shares of the financial services provider's stock valued at $492,000 after purchasing an additional 2,460 shares during the period. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Stock Up 2.0%

Shares of NASDAQ RMR traded up $0.34 during mid-day trading on Thursday, reaching $17.05. The company had a trading volume of 24,712 shares, compared to its average volume of 140,198. 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 stock has a market capitalization of $543.42 million, a PE ratio of 14.61 and a beta of 1.20. The stock's 50 day moving average is $16.79 and its 200-day moving average is $16.26.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%.The business had revenue of $154.73 million during the quarter, compared to analysts' expectations of $201.80 million. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 10.6%. The ex-dividend date was Monday, July 21st. The RMR Group's payout ratio is 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.