Quest Partners LLC Cuts Stake in The RMR Group Inc. (NASDAQ:RMR)

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

Several other large investors have also recently made changes to their positions in the business. Garner Asset Management Corp boosted its stake in shares of The RMR Group by 14.8% in 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 purchasing an additional 36,369 shares in the last quarter. Federated Hermes Inc. boosted its position in The RMR Group by 4.7% during the second 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 during the period. International Assets Investment Management LLC grew its stake in shares of The RMR Group by 2,439.0% during the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of The RMR Group by 42.8% during the second quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,405 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of The RMR Group by 9.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 69,321 shares of the financial services provider’s stock worth $1,567,000 after buying an additional 6,273 shares during the period. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Trading Down 0.9 %

Shares of RMR stock opened at $22.01 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $24.35 and a 200 day moving average of $24.16. The stock has a market capitalization of $700.93 million, a PE ratio of 16.18 and a beta of 1.26. The RMR Group Inc. has a 1-year low of $21.46 and a 1-year high of $28.82.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm 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 period in the previous year, the firm earned $0.48 earnings per share. As a group, sell-side analysts anticipate that The RMR Group Inc. will post 1.42 earnings per share for the current year.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.18%. The ex-dividend date was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is 132.35%.

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.