Graham Capital Management L.P. Has $2.34 Million Position in Newmark Group, Inc. $NMRK

Key Points

• Graham Capital Management L.P. increased its holding in Newmark Group, Inc. by 30.1%, now owning approximately 0.11% of the company worth $2.34 million after acquiring 44,478 additional shares.
• Newmark Group recently announced a quarterly dividend of $0.03, reflecting an annualized yield of 0.7% and a dividend payout ratio of 28.57%.
• The company reported a 19.9% increase in quarterly revenue to $759.1 million, beating analysts' estimates, and provided forward guidance of 1.470-1.570 EPS for FY 2025.

Graham Capital Management L.P. raised its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 30.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,340 shares of the company's stock after acquiring an additional 44,478 shares during the quarter. Graham Capital Management L.P. owned approximately 0.11% of Newmark Group worth $2,341,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC lifted its holdings in shares of Newmark Group by 10.4% during the first quarter. OneDigital Investment Advisors LLC now owns 11,878 shares of the company's stock valued at $145,000 after acquiring an additional 1,121 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Newmark Group by 9.5% in the first quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company's stock valued at $175,000 after buying an additional 1,250 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Newmark Group by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company's stock valued at $420,000 after buying an additional 1,286 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Newmark Group by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 53,635 shares of the company's stock valued at $687,000 after buying an additional 1,385 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Newmark Group by 1.2% in the first quarter. Sei Investments Co. now owns 122,117 shares of the company's stock valued at $1,519,000 after buying an additional 1,426 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Trading Up 3.6%

NMRK traded up $0.64 during midday trading on Friday, reaching $18.56. 1,114,553 shares of the company were exchanged, compared to its average volume of 1,360,103. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 0.39. Newmark Group, Inc. has a one year low of $9.65 and a one year high of $18.61. The stock has a market capitalization of $3.28 billion, a P/E ratio of 44.19 and a beta of 2.08. The stock's 50-day simple moving average is $15.16 and its 200 day simple moving average is $12.94.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The firm had revenue of $759.10 million for the quarter, compared to analysts' expectations of $695.24 million. During the same quarter last year, the business earned $0.22 earnings per share. The company's revenue 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. As a group, analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors 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 payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NMRK. Piper Sandler raised their target price on Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods raised their target price on Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Wolfe Research upgraded Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research note on Friday, May 23rd. JMP Securities raised their target price on Newmark Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Finally, Citizens Jmp started coverage on Newmark Group in a research report on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, Newmark Group presently has a consensus rating of "Buy" and an average price target 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.