The RMR Group Inc. (NASDAQ:RMR) Position Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in The RMR Group Inc. (NASDAQ:RMR) by 26.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,341 shares of the financial services provider’s stock after selling 16,500 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.14% of The RMR Group worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. grew its holdings in The RMR Group by 18.7% during the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 500 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of The RMR Group by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 817 shares during the period. SG Americas Securities LLC lifted its holdings in shares of The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 908 shares during the period. International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 1,000 shares during the period. Finally, BayBridge Capital Group LLC raised its holdings in shares of The RMR Group by 8.3% in the fourth quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider’s stock valued at $451,000 after buying an additional 1,671 shares during the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

The RMR Group stock opened at $17.94 on Monday. The stock has a 50-day simple moving average of $19.46 and a 200 day simple moving average of $22.48. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The RMR Group Inc. has a 12-month low of $17.75 and a 12-month high of $26.43. The stock has a market capitalization of $571.32 million, a price-to-earnings ratio of 13.49 and a beta of 1.24.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a $0.45 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 10.03%. The RMR Group’s payout ratio is 135.34%.

The RMR Group 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.