Quinn Opportunity Partners LLC Decreases Stock Position in The RMR Group Inc. (NASDAQ:RMR)

Quinn Opportunity Partners LLC cut its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 33.8% in the 4th quarter, HoldingsChannel reports. The fund owned 16,556 shares of the financial services provider’s stock after selling 8,444 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in The RMR Group were worth $342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. lifted its position in The RMR Group by 12.9% in the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 2,831 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The RMR Group by 13.7% in the third 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. JPMorgan Chase & Co. lifted its stake in shares of The RMR Group by 36.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock valued at $2,867,000 after purchasing an additional 30,258 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of The RMR Group during the 4th quarter valued at $319,000. Finally, Barclays PLC boosted its stake in The RMR Group by 55.6% during the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock worth $1,286,000 after acquiring an additional 18,100 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised The RMR Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th.

The RMR Group Stock Up 1.9 %

RMR stock opened at $15.23 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The RMR Group Inc. has a 1-year low of $14.52 and a 1-year high of $26.43. The stock has a market capitalization of $485.01 million, a P/E ratio of 11.45 and a beta of 1.08. The business has a fifty day moving average price of $17.35 and a 200-day moving average price of $20.50.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.82%. The ex-dividend date is Tuesday, April 22nd. The RMR Group’s dividend 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.