Y Intercept Hong Kong Ltd bought a new stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,952 shares of the company's stock, valued at approximately $304,000.
A number of other large investors have also recently added to or reduced their stakes in NMRK. Financial Management Professionals Inc. acquired a new stake in shares of Newmark Group in the 1st quarter worth about $26,000. Sterling Capital Management LLC boosted its holdings in shares of Newmark Group by 813.9% in the fourth 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 period. KBC Group NV acquired a new position in shares of Newmark Group in the first quarter worth about $78,000. CWM LLC boosted its holdings in shares of Newmark Group by 63.8% during the first quarter. CWM LLC now owns 7,693 shares of the company's stock worth $94,000 after purchasing an additional 2,996 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings 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 purchasing an additional 3,070 shares during the period. 58.42% of the stock is currently owned by institutional investors.
Newmark Group Trading Down 0.3%
Shares of NASDAQ:NMRK traded down $0.05 during mid-day trading on Friday, reaching $15.12. The stock had a trading volume of 2,062,289 shares, compared to its average volume of 1,381,059. The firm has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $12.32. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $16.10. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.79 billion, a PE ratio of 36.00 and a beta of 2.04.
Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.71%. The firm had revenue of $759.10 million for the quarter, compared to the consensus estimate of $695.24 million. During the same period last year, the company posted $0.22 EPS. The business's quarterly revenue was up 19.9% on a year-over-year basis. On average, research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.
Newmark Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.8%. Newmark Group's dividend payout ratio is currently 28.57%.
Wall Street Analyst Weigh In
NMRK has been the subject of a number of analyst reports. Citizens Jmp assumed coverage on shares of Newmark Group in a research note on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 target price for the company. Piper Sandler dropped their target price on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Wolfe Research raised shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price target on the stock in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $16.33.
Read Our Latest Stock Analysis on NMRK
About Newmark Group
(
Free Report)
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.
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