The RMR Group Inc. (NASDAQ:RMR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of The RMR Group Inc. (NASDAQ:RMR) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,948 shares of the financial services provider’s stock after selling 11,300 shares during the period. Los Angeles Capital Management LLC’s holdings in The RMR Group were worth $1,279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RMR. International Assets Investment Management LLC boosted its position in shares of 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 valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. lifted its stake 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. SG Americas Securities LLC lifted its stake in 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 purchasing an additional 908 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in The RMR Group by 77.8% during the third quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider’s stock worth $307,000 after buying an additional 5,294 shares in the last quarter. Finally, BayBridge Capital Group LLC grew its position in 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 worth $451,000 after buying an additional 1,671 shares during the last quarter. 42.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded The RMR Group from a “hold” rating to a “buy” rating in a research report on Friday.

The RMR Group Stock Down 0.2 %

Shares of NASDAQ:RMR opened at $18.22 on Friday. The firm has a 50 day simple moving average of $19.18 and a 200 day simple moving average of $22.29. The RMR Group Inc. has a 52 week low of $17.75 and a 52 week high of $26.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $580.23 million, a PE ratio of 13.70 and a beta of 1.24.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.88%. The RMR Group’s payout ratio is currently 135.34%.

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.