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

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

A number of other hedge funds have also recently bought and sold shares of NMRK. Financial Management Professionals Inc. bought a new position in shares of Newmark Group during the 1st quarter worth about $26,000. Sterling Capital Management LLC increased its position in shares of Newmark Group by 813.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock worth $53,000 after purchasing an additional 3,695 shares in the last quarter. KBC Group NV acquired a new stake in shares of Newmark Group during the 1st quarter worth about $78,000. Assetmark Inc. increased its position in shares of Newmark Group by 43.5% during 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 increased its position 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 worth $120,000 after purchasing an additional 3,070 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Trading Down 0.6%

Shares of NASDAQ:NMRK traded down $0.08 during trading on Monday, hitting $12.43. 1,232,466 shares of the company's stock were exchanged, compared to its average volume of 1,179,909. Newmark Group, Inc. has a 1-year low of $9.65 and a 1-year high of $16.10. The firm has a 50-day moving average price of $11.41 and a two-hundred day moving average price of $12.27. 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 $2.29 billion, a P/E ratio of 31.87 and a beta of 1.93.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $665.49 million during the quarter, compared to analysts' expectations of $609.28 million. Newmark Group had a net margin of 2.39% and a return on equity of 21.85%. Newmark Group's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. Equities analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Wednesday, May 14th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, May 14th. Newmark Group's dividend payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

NMRK has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research report on Friday, May 23rd. Piper Sandler dropped their target price on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. The Goldman Sachs Group dropped their target price on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $15.25.

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.