Two Sigma Investments LP Makes New $287,000 Investment in Newmark Group, Inc. (NASDAQ:NMRK)

Two Sigma Investments LP purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,423 shares of the company's stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NMRK. State of Wyoming lifted its stake in Newmark Group by 634.6% in the fourth quarter. State of Wyoming now owns 28,479 shares of the company's stock worth $365,000 after purchasing an additional 24,602 shares during the last quarter. Systematic Financial Management LP lifted its stake in shares of Newmark Group by 3.8% in the 4th quarter. Systematic Financial Management LP now owns 1,476,123 shares of the company's stock valued at $18,909,000 after acquiring an additional 54,138 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Newmark Group during the 4th quarter valued at about $133,000. Point72 Asset Management L.P. purchased a new stake in Newmark Group during the 4th quarter valued at about $973,000. Finally, Nuveen Asset Management LLC grew its position in Newmark Group by 0.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,488,470 shares of the company's stock worth $19,067,000 after acquiring an additional 10,872 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NMRK shares. Wolfe Research upgraded shares of 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. Wall Street Zen lowered shares of Newmark Group from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Piper Sandler lowered their price objective on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their target price on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their price target on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Newmark Group presently has an average rating of "Moderate Buy" and an average target price of $15.25.

Newmark Group Stock Down 3.5%

Shares of NASDAQ:NMRK traded down $0.41 during trading on Friday, hitting $11.46. The stock had a trading volume of 240,108 shares, compared to its average volume of 1,146,744. The company has a market capitalization of $2.11 billion, a PE ratio of 32.76 and a beta of 1.94. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The firm's fifty day moving average is $11.00 and its 200 day moving average is $12.64. Newmark Group, Inc. has a 12 month low of $9.64 and a 12 month high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $609.28 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. Analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Wednesday, May 14th. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

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.