Newmark Group, Inc. $NMRK Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP significantly reduced its holdings in Newmark Group by 73.7% during the first quarter, leaving them with only 17,100 shares, valued at approximately $208,000.
• Analysts have generally upgraded their ratings on Newmark Group, with Wolfe Research setting a price target of $14.00 and JMP Securities increasing it to $19.00, reflecting a positive outlook for the company's stock.
• The Newmark Group has reported strong earnings, exceeding expectations with $0.31 earnings per share and a revenue increase of 19.9% year-over-year, amidst a dividend announcement of $0.03 per share.

Versor Investments LP reduced its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 73.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,100 shares of the company's stock after selling 47,800 shares during the quarter. Versor Investments LP's holdings in Newmark Group were worth $208,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NMRK. Financial Management Professionals Inc. acquired a new position in shares of Newmark Group during the 1st quarter valued at about $26,000. KBC Group NV purchased a new stake in shares of Newmark Group during the 1st quarter valued at approximately $78,000. CWM LLC raised its position in shares of Newmark Group by 63.8% during the 1st quarter. CWM LLC now owns 7,693 shares of the company's stock valued at $94,000 after buying an additional 2,996 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Newmark Group by 48.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock valued at $120,000 after acquiring an additional 3,070 shares during the last quarter. Finally, Xponance Inc. purchased a new position in Newmark Group in the first quarter worth approximately $122,000. Hedge funds and other institutional investors own 58.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NMRK shares. Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Wolfe Research upgraded Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research note on Friday, May 23rd. JMP Securities increased their target price on Newmark Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Citizens Jmp started coverage on shares of Newmark Group in a research report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price objective for the company. Finally, Piper Sandler lifted their price target on Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $16.83.

Newmark Group Price Performance

Shares of NASDAQ NMRK traded down $0.15 during trading on Thursday, reaching $18.10. The company had a trading volume of 144,264 shares, compared to its average volume of 1,179,315. The stock has a market capitalization of $3.20 billion, a PE ratio of 43.02 and a beta of 2.04. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $14.28 and a two-hundred day moving average price of $12.75. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $18.59.

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

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. Newmark Group's dividend payout ratio (DPR) is 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.