Aquatic Capital Management LLC Has $665,000 Position in Newmark Group, Inc. (NASDAQ:NMRK)

Aquatic Capital Management LLC raised its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 216.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,937 shares of the company's stock after buying an additional 35,537 shares during the quarter. Aquatic Capital Management LLC's holdings in Newmark Group were worth $665,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

NMRK has been the subject of several research reports. The Goldman Sachs Group dropped their price objective on shares of 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 objective on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their target price on Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a report on Friday.

Newmark Group Trading Down 0.1 %

NASDAQ NMRK traded down $0.01 on Monday, reaching $11.12. The company had a trading volume of 960,765 shares, compared to its average volume of 1,149,551. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 31.77 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.10. The business has a 50 day moving average of $11.86 and a two-hundred day moving average of $13.39.

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

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, May 14th. Newmark Group's dividend payout ratio is currently 30.77%.

About Newmark Group

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.