XTX Topco Ltd Invests $287,000 in The RMR Group Inc. (NASDAQ:RMR)

Key Points

• XTX Topco Ltd acquired a new stake in The RMR Group, purchasing 17,256 shares valued at approximately $287,000.
• Institutional investors and hedge funds own 42.31% of The RMR Group's stock, indicating significant investor interest and activity around the company.
• The RMR Group recently announced a quarterly dividend of $0.45 per share, with an annualized yield of 11.2%.

XTX Topco Ltd purchased a new stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,256 shares of the financial services provider's stock, valued at approximately $287,000. XTX Topco Ltd owned 0.05% of The RMR Group at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in The RMR Group by 4.8% in the 4th quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider's stock valued at $10,056,000 after purchasing an additional 22,300 shares during the period. Nantahala Capital Management LLC boosted its stake in The RMR Group by 32.8% in the 4th quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider's stock valued at $9,304,000 after purchasing an additional 111,306 shares during the period. Geode Capital Management LLC boosted its stake in The RMR Group by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 434,398 shares of the financial services provider's stock valued at $8,968,000 after purchasing an additional 10,090 shares during the period. Garner Asset Management Corp boosted its stake in The RMR Group by 29.9% in the 1st quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider's stock valued at $6,960,000 after purchasing an additional 96,315 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of The RMR Group by 7.5% during 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 during the period. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Price Performance

Shares of NASDAQ:RMR traded down $0.06 during trading on Friday, reaching $16.52. 12,662 shares of the company traded hands, compared to its average volume of 147,548. The company's 50 day moving average is $16.66 and its two-hundred day moving average is $16.49. The firm has a market capitalization of $526.66 million, a PE ratio of 14.15 and a beta of 1.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11. The RMR Group Inc. has a 52 week low of $13.48 and a 52 week high of $26.06.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its 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 firm had revenue of $154.73 million during the quarter, compared to the consensus estimate 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, sell-side analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date was Monday, July 21st. The RMR Group's dividend payout ratio is presently 153.85%.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on The RMR Group in a research report on Tuesday, April 22nd. They set a "buy" rating and a $24.00 target price for the company.

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.