Dark Forest Capital Management LP Buys New Position in Newmark Group, Inc. (NASDAQ:NMRK)

Dark Forest Capital Management LP purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 38,936 shares of the company's stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also modified their holdings of NMRK. Barclays PLC grew its holdings in Newmark Group by 352.8% during the 3rd quarter. Barclays PLC now owns 227,099 shares of the company's stock worth $3,526,000 after acquiring an additional 176,947 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Newmark Group during the third quarter worth $317,000. Franklin Resources Inc. increased its holdings in Newmark Group by 33.2% in the third quarter. Franklin Resources Inc. now owns 107,642 shares of the company's stock valued at $1,597,000 after purchasing an additional 26,847 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Newmark Group by 1,017.4% in the third quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company's stock valued at $33,197,000 after buying an additional 1,946,322 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Newmark Group by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company's stock worth $19,006,000 after buying an additional 143,251 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NMRK shares. The Goldman Sachs Group lowered their price target on Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods decreased their price objective on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a report on Friday.

Newmark Group Trading Up 4.4 %

NASDAQ:NMRK traded up $0.48 on Friday, reaching $11.27. The company's stock had a trading volume of 438,147 shares, compared to its average volume of 1,147,490. Newmark Group, Inc. has a 1-year low of $9.64 and a 1-year high of $16.10. The business's 50-day moving average price is $11.92 and its two-hundred day moving average price is $13.44. The firm has a market cap of $2.03 billion, a PE ratio of 32.23 and a beta of 1.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $665.49 million during the quarter, compared to analyst estimates of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. Newmark Group's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. Equities research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 1.06%. Newmark Group's dividend payout ratio is currently 34.29%.

Newmark Group Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.