39,537 Shares in Newmark Group, Inc. $NMRK Bought by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. has acquired a stake in Newmark Group, purchasing 39,537 shares valued approximately at $481,000 in the first quarter.
• Newmark Group reported a 19.9% year-over-year increase in revenue, totaling $759.10 million, with earnings per share of $0.31 surpassing analyst estimates.
• The company announced a quarterly dividend of $0.03 per share, translating to an annualized yield of 0.6%, while setting guidance for FY 2025 EPS between 1.470 and 1.570.

Aristeia Capital L.L.C. purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 39,537 shares of the company's stock, valued at approximately $481,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in shares of Newmark Group during the 1st quarter worth approximately $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Newmark Group during the 1st quarter worth approximately $47,000. KBC Group NV bought a new stake in shares of Newmark Group during the 1st quarter worth approximately $78,000. CWM LLC increased its position in Newmark Group by 63.8% during the 1st quarter. CWM LLC now owns 7,693 shares of the company's stock worth $94,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Xponance Inc. acquired a new position in Newmark Group during the 1st quarter worth approximately $122,000. Institutional investors own 58.42% of the company's stock.

Newmark Group Trading Up 0.2%

Shares of NMRK traded up $0.04 during trading hours on Friday, hitting $19.28. 1,859,853 shares of the stock were exchanged, compared to its average volume of 1,251,721. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50-day moving average of $15.82 and a 200-day moving average of $13.10. The firm has a market capitalization of $3.41 billion, a P/E ratio of 45.91 and a beta of 2.08.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share 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 22.73%. The company had revenue of $759.10 million during the quarter, compared to analysts' expectations of $695.24 million. During the same period in the prior year, the company posted $0.22 earnings per share. Newmark Group's revenue for the quarter was up 19.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. On average, research analysts expect 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 was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. Newmark Group's dividend payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NMRK shares. Keefe, Bruyette & Woods upped their price objective 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. JMP Securities upped their price objective on shares of Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Wolfe Research upgraded shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research report on Friday, May 23rd. Finally, Piper Sandler upped their price target on shares of Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $16.83.

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.