Trexquant Investment LP Makes New $262,000 Investment in Newmark Group, Inc. $NMRK

Key Points

• Trexquant Investment LP acquired a new stake in Newmark Group, Inc., investing approximately $262,000 in 21,530 shares during the 1st quarter of the year.
• Analysts have raised the price targets for Newmark Group, with JMP Securities and Piper Sandler adjusting their objectives to $19.00, reflecting a favorable sentiment towards the stock.
• Newmark Group reported a positive quarterly performance, with earnings per share (EPS) of $0.31, surpassing estimates and showing a 19.9% increase in revenue year-over-year.

Trexquant Investment LP purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,530 shares of the company's stock, valued at approximately $262,000.

Several other institutional investors have also modified their holdings of NMRK. Nuveen LLC bought a new position in shares of Newmark Group during the first quarter worth about $21,497,000. Boston Partners grew its position in shares of Newmark Group by 593.5% during the first quarter. Boston Partners now owns 1,339,730 shares of the company's stock worth $16,299,000 after acquiring an additional 1,146,544 shares during the last quarter. Millennium Management LLC grew its position in shares of Newmark Group by 138.5% during the fourth quarter. Millennium Management LLC now owns 1,916,186 shares of the company's stock worth $24,546,000 after acquiring an additional 1,112,610 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Newmark Group by 822.8% during the first quarter. SG Americas Securities LLC now owns 427,144 shares of the company's stock worth $5,198,000 after acquiring an additional 380,855 shares during the last quarter. Finally, Penn Capital Management Company LLC grew its position in shares of Newmark Group by 30.4% during the first quarter. Penn Capital Management Company LLC now owns 1,508,090 shares of the company's stock worth $18,401,000 after acquiring an additional 351,854 shares during the last quarter. Institutional investors own 58.42% of the company's stock.

Newmark Group Price Performance

NASDAQ NMRK traded down $0.08 on Monday, reaching $19.20. The company's stock had a trading volume of 1,470,331 shares, compared to its average volume of 1,283,899. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $19.70. 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 $3.39 billion, a PE ratio of 45.72 and a beta of 2.08. The firm's 50 day moving average is $15.95 and its two-hundred day moving average is $13.11.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating 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 company had revenue of $759.10 million during the quarter, compared to the consensus estimate of $695.24 million. During the same period in the prior year, the company earned $0.22 EPS. Newmark Group's revenue was up 19.9% on a year-over-year basis. 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 EPS for the current year.

Newmark Group Dividend Announcement

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

Analyst Upgrades and Downgrades

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