Twinbeech Capital LP Makes New $409,000 Investment in Newmark Group, Inc. (NASDAQ:NMRK)

Twinbeech Capital LP purchased a new stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,913 shares of the company's stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Newmark Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock worth $270,479,000 after purchasing an additional 83,094 shares during the period. Dimensional Fund Advisors LP raised its holdings in Newmark Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,374,705 shares of the company's stock worth $81,660,000 after acquiring an additional 88,618 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Newmark Group by 44.9% during the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock worth $39,691,000 after acquiring an additional 960,799 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Newmark Group by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock valued at $37,770,000 after buying an additional 1,502,372 shares during the period. Finally, Millennium Management LLC raised its stake in Newmark Group by 138.5% in the fourth quarter. Millennium Management LLC now owns 1,916,186 shares of the company's stock valued at $24,546,000 after buying an additional 1,112,610 shares during the period. Institutional investors and hedge funds own 58.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler lowered their target price on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research report on Friday, May 23rd. The Goldman Sachs Group decreased their target price on 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 decreased 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.

Newmark Group Stock Performance

Shares of NMRK stock traded down $0.08 during trading on Wednesday, hitting $10.94. The company's stock had a trading volume of 154,733 shares, compared to its average volume of 1,136,643. The company has a market cap of $2.02 billion, a PE ratio of 31.19 and a beta of 1.99. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $11.18 and a 200-day moving average of $12.96. Newmark Group, Inc. has a 52 week low of $9.64 and a 52 week high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings data 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. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business had revenue of $665.49 million during the quarter, compared to analyst estimates of $609.28 million. During the same period in the prior year, the company earned $0.15 earnings per share. Newmark Group's revenue was up 21.8% compared to the same quarter last year. As a group, research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.10%. Newmark Group's dividend payout ratio is currently 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.