Leeward Investments LLC MA Sells 79,171 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Leeward Investments LLC MA cut its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,689,745 shares of the company's stock after selling 79,171 shares during the quarter. Newmark Group makes up about 1.1% of Leeward Investments LLC MA's investment portfolio, making the stock its 19th biggest position. Leeward Investments LLC MA owned about 0.94% of Newmark Group worth $20,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NMRK. Financial Management Professionals Inc. bought a new stake in shares of Newmark Group during the first quarter valued at approximately $26,000. Sterling Capital Management LLC grew its stake in Newmark Group by 813.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after acquiring an additional 3,695 shares in the last quarter. KBC Group NV purchased a new stake in Newmark Group in the 1st quarter worth $78,000. Assetmark Inc. lifted its stake in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock worth $110,000 after purchasing an additional 2,602 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Newmark Group by 48.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock valued at $120,000 after purchasing an additional 3,070 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NMRK. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a report on Friday, May 23rd. The Goldman Sachs Group reduced their price objective on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. 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 research report on Friday, May 2nd. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, Piper Sandler decreased their price target on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $15.25.

Newmark Group Trading Up 0.2%

NMRK stock traded up $0.03 during midday trading on Friday, reaching $12.52. 465,121 shares of the company traded hands, compared to its average volume of 1,176,381. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 32.09 and a beta of 1.93. Newmark Group, Inc. has a 52-week low of $9.65 and a 52-week high of $16.10. The business has a 50 day moving average of $11.38 and a 200-day moving average of $12.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.47 and a current ratio of 0.47.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its 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 firm had revenue of $665.49 million for the quarter, compared to the consensus estimate of $609.28 million. Newmark Group had a return on equity of 21.85% and a net margin of 2.39%. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, sell-side analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Wednesday, May 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.96%. Newmark Group's dividend payout ratio is presently 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.