XTX Topco Ltd Purchases Shares of 17,256 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 bought a new stake in The RMR Group Inc. (NASDAQ:RMR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,256 shares of the financial services provider's stock, valued at approximately $287,000. XTX Topco Ltd owned approximately 0.05% of The RMR Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in shares of The RMR Group by 1.2% in the 4th quarter. Stifel Financial Corp now owns 66,184 shares of the financial services provider's stock valued at $1,366,000 after purchasing an additional 771 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of The RMR Group by 2.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 48,038 shares of the financial services provider's stock valued at $800,000 after purchasing an additional 1,056 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of The RMR Group by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider's stock valued at $190,000 after buying an additional 2,010 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of The RMR Group by 20,880.0% in 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. Finally, Bank of America Corp DE raised its holdings in shares of The RMR Group by 11.5% in 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. Institutional investors and hedge funds own 42.31% of the company's stock.

Analyst Ratings Changes

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

The RMR Group Stock Performance

The RMR Group stock opened at $16.04 on Monday. The stock has a 50-day simple moving average of $16.56 and a 200 day simple moving average of $16.52. 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 12-month low of $13.48 and a 12-month high of $26.06. The stock has a market capitalization of $511.36 million, a price-to-earnings ratio of 13.71 and a beta of 1.15.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share (EPS) 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 business had revenue of $154.73 million during the quarter, compared to analysts' expectations of $201.80 million. On average, research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Monday, July 21st. The RMR Group's payout ratio is currently 153.85%.

The RMR Group Company 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.

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