Dynamic Technology Lab Private Ltd Buys Shares of 65,837 Newmark Group, Inc. $NMRK

Key Points

• Dynamic Technology Lab Private Ltd has acquired 65,837 shares of Newmark Group, Inc. for approximately $801,000 in the first quarter, highlighting increased institutional interest in the company.
• Newmark Group reported an EPS of $0.31 for the last quarter, exceeding analysts' expectations, with revenue up 19.9% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.03, reflecting a dividend yield of 0.6% and a payout ratio of 28.57%.

Dynamic Technology Lab Private Ltd acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 65,837 shares of the company's stock, valued at approximately $801,000.

Several other hedge funds have also recently bought and sold shares of the business. Millennium Management LLC lifted its stake in Newmark Group by 89.7% in the 1st quarter. Millennium Management LLC now owns 3,635,561 shares of the company's stock worth $44,245,000 after acquiring an additional 1,719,375 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Newmark Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company's stock worth $953,000 after acquiring an additional 3,430 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in shares of Newmark Group by 17.6% during the 1st quarter. Clark Capital Management Group Inc. now owns 330,853 shares of the company's stock worth $4,026,000 after purchasing an additional 49,526 shares in the last quarter. PDT Partners LLC raised its stake in shares of Newmark Group by 28.6% during the 1st quarter. PDT Partners LLC now owns 61,804 shares of the company's stock worth $752,000 after purchasing an additional 13,761 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Newmark Group during the 1st quarter worth about $958,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NMRK has been the subject of a number of recent research reports. Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. JMP Securities raised their price target on Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Citizens Jmp initiated coverage on Newmark Group in a research note on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price target for the company. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price target for the company in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods raised their price target on Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, Newmark Group has an average rating of "Buy" and a consensus target price of $16.83.

Newmark Group Stock Up 0.2%

Shares of NASDAQ NMRK traded up $0.04 during mid-day trading on Friday, reaching $19.28. 1,859,853 shares of the company traded hands, compared to its average volume of 1,283,899. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $3.41 billion, a PE ratio of 45.91 and a beta of 2.08. The company's fifty day moving average is $15.82 and its two-hundred day moving average is $13.08. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.70.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The business had revenue of $759.10 million for the quarter, compared to analyst estimates of $695.24 million. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. On average, analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. Newmark Group's dividend payout ratio is currently 28.57%.

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.