21,695 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 21,695 shares of Newmark Group, Inc. valued at approximately $264,000 in the first quarter.
• Brokerages have a positive outlook on Newmark Group, with six analysts rating the stock as a buy and setting a consensus target price of $16.83.
• Newmark Group recently announced a quarterly dividend of $0.03 per share, representing a 0.8% yield on an annualized basis.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,695 shares of the company's stock, valued at approximately $264,000.

A number of other hedge funds have also modified their holdings of the business. Financial Management Professionals Inc. purchased a new position in Newmark Group during the 1st quarter worth $26,000. Sterling Capital Management LLC boosted its stake in shares of Newmark Group by 813.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock worth $53,000 after buying an additional 3,695 shares during the period. KBC Group NV purchased a new position in shares of Newmark Group during the first quarter worth about $78,000. CWM LLC increased its position in Newmark Group by 63.8% in the 1st quarter. CWM LLC now owns 7,693 shares of the company's stock valued at $94,000 after acquiring an additional 2,996 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Newmark Group by 48.7% during the 4th 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. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Price Performance

Shares of NASDAQ:NMRK traded up $0.40 on Friday, reaching $16.28. 305,272 shares of the company were exchanged, compared to its average volume of 1,158,372. The company has a 50-day moving average of $12.60 and a 200-day moving average of $12.42. 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 $3.00 billion, a price-to-earnings ratio of 38.78 and a beta of 2.04. Newmark Group, Inc. has a 1-year low of $9.65 and a 1-year high of $16.26.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data 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 22.71%. The firm had revenue of $759.10 million for the quarter, compared to the consensus estimate of $695.24 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm's revenue was up 19.9% on a year-over-year basis. Equities analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, August 14th. Newmark Group's payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Piper Sandler increased their price objective on Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday. Citizens Jmp started coverage on Newmark Group in a report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on shares of Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a research 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 target price on the stock in a report on Friday, May 23rd. Finally, JMP Securities boosted their price target on shares of Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $16.83.

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.