Brevan Howard Capital Management LP Invests $599,000 in Newmark Group, Inc. (NASDAQ:NMRK)

Brevan Howard Capital Management LP bought a new stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 46,797 shares of the company's stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Newmark Group by 813.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after buying an additional 3,695 shares during the period. Assetmark Inc. increased its position in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after acquiring an additional 2,602 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Newmark Group by 48.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock worth $120,000 after acquiring an additional 3,070 shares during the last quarter. Optimize Financial Inc bought a new position in Newmark Group during the fourth quarter worth $132,000. Finally, Highland Capital Management LLC acquired a new position in shares of Newmark Group in the 4th quarter valued at about $135,000. 58.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NMRK. The Goldman Sachs Group reduced their target price 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. Piper Sandler cut their price target on Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd.

Newmark Group Price Performance

NASDAQ NMRK traded down $0.05 on Tuesday, reaching $11.87. 842,664 shares of the company's stock traded hands, compared to its average volume of 1,138,667. Newmark Group, Inc. has a 12 month low of $9.64 and a 12 month high of $16.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $13.24. The stock has a market cap of $2.14 billion, a PE ratio of 33.92 and a beta of 1.99.

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 analysts' consensus estimates of $0.19 by $0.02. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The business had revenue of $665.49 million for the quarter, compared to the consensus estimate of $609.28 million. During the same period in the previous year, the firm earned $0.15 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, research analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.01%. Newmark Group's dividend payout ratio is 30.77%.

Newmark Group Company 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.