Quest Partners LLC Reduces Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Quest Partners LLC reduced its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 43.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,880 shares of the financial services provider’s stock after selling 6,860 shares during the quarter. Quest Partners LLC’s holdings in The RMR Group were worth $225,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of The RMR Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,276,544 shares of the financial services provider’s stock valued at $54,637,000 after purchasing an additional 9,488 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of The RMR Group by 4.7% during the 2nd quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock valued at $11,929,000 after buying an additional 23,654 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of The RMR Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 454,217 shares of the financial services provider’s stock worth $10,265,000 after acquiring an additional 1,303 shares in the last quarter. Garner Asset Management Corp lifted its position in The RMR Group by 14.8% during the 2nd quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock valued at $6,385,000 after acquiring an additional 36,369 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in The RMR Group by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 147,913 shares of the financial services provider’s stock worth $3,343,000 after acquiring an additional 10,303 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Price Performance

Shares of NASDAQ RMR opened at $22.01 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $700.93 million, a price-to-earnings ratio of 16.18 and a beta of 1.26. The company has a 50 day simple moving average of $24.35 and a two-hundred day simple moving average of $24.16. The RMR Group Inc. has a fifty-two week low of $21.46 and a fifty-two week high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. During the same quarter in the previous year, the company earned $0.48 EPS. Analysts expect that The RMR Group Inc. will post 1.42 EPS for the current fiscal year.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.18%. The RMR Group’s payout ratio is currently 132.35%.

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.