Jane Street Group LLC Sells 13,354 Shares of The RMR Group Inc. (NASDAQ:RMR)

Jane Street Group LLC lessened its stake in The RMR Group Inc. (NASDAQ:RMR) by 42.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,141 shares of the financial services provider’s stock after selling 13,354 shares during the period. Jane Street Group LLC owned about 0.06% of The RMR Group worth $460,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Garner Asset Management Corp lifted 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 during the period. Federated Hermes Inc. lifted its stake in shares of The RMR Group by 4.7% in the 2nd quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock valued at $11,929,000 after purchasing an additional 23,654 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in The RMR Group by 13.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock worth $926,000 after buying an additional 4,390 shares during the period. International Assets Investment Management LLC raised its stake in The RMR Group by 2,439.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,000 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in The RMR Group by 40.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock worth $20,946,000 after buying an additional 238,360 shares during the period. Institutional investors own 42.31% of the company’s stock.

The RMR Group Price Performance

Shares of NASDAQ:RMR opened at $19.91 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock has a market cap of $634.05 million, a PE ratio of 14.64 and a beta of 1.24. The stock’s fifty day simple moving average is $22.06 and its two-hundred day simple moving average is $23.74. The RMR Group Inc. has a 1-year low of $19.90 and a 1-year high of $28.77.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The company had revenue of $212.30 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.48 EPS. As a group, analysts forecast that The RMR Group Inc. will post 1.62 EPS for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.04%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is presently 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.