Exchange Traded Concepts LLC Sells 2,737 Shares of The RMR Group Inc. (NASDAQ:RMR)

Exchange Traded Concepts LLC lowered its holdings in The RMR Group Inc. (NASDAQ:RMR) by 18.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,051 shares of the financial services provider’s stock after selling 2,737 shares during the period. Exchange Traded Concepts LLC’s holdings in The RMR Group were worth $306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RMR. Unison Advisors LLC lifted its stake in The RMR Group by 2.0% during the third quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 412 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of The RMR Group by 7.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after buying an additional 639 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in The RMR Group by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 48,477 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 768 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in The RMR Group by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,446 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 830 shares during the last quarter. Finally, Rhumbline Advisers grew its position in The RMR Group by 1.7% in the second quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider’s stock valued at $1,228,000 after acquiring an additional 925 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $25.30 on Monday. The RMR Group Inc. has a one year low of $21.60 and a one year high of $28.82. The company has a market cap of $802.79 million, a price-to-earnings ratio of 9.41 and a beta of 1.26. The firm has a 50 day simple moving average of $24.98 and a 200 day simple moving average of $24.17.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. The firm had revenue of $205.48 million for the quarter, compared to the consensus estimate of $227.68 million. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, analysts expect that The RMR Group Inc. will post 1.64 EPS for the current year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Monday, October 28th. The RMR Group’s dividend payout ratio is presently 66.91%.

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.