Graham Capital Management L.P. Increases Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Graham Capital Management L.P. grew its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,862 shares of the company's stock after buying an additional 34,644 shares during the period. Graham Capital Management L.P. owned 0.09% of Newmark Group worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NMRK. Barclays PLC increased its position in Newmark Group by 352.8% during the 3rd quarter. Barclays PLC now owns 227,099 shares of the company's stock valued at $3,526,000 after purchasing an additional 176,947 shares during the period. Assetmark Inc. increased its position in shares of Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company's stock worth $110,000 after buying an additional 2,602 shares during the period. Vanguard Group Inc. increased its position 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 buying an additional 83,094 shares during the period. SG Americas Securities LLC raised its stake in Newmark Group by 540.5% during the fourth quarter. SG Americas Securities LLC now owns 46,289 shares of the company's stock worth $593,000 after buying an additional 39,062 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Newmark Group by 32.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company's stock valued at $211,000 after buying an additional 4,019 shares during the period. 58.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NMRK has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. 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 note on Friday, May 2nd. Finally, Piper Sandler dropped their price target 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.

Newmark Group Stock Down 0.6%

NMRK stock traded down $0.07 during mid-day trading on Thursday, reaching $11.63. 866,509 shares of the company traded hands, compared to its average volume of 1,138,138. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 33.23 and a beta of 1.99. Newmark Group, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.10. The firm's 50 day moving average price is $11.44 and its 200 day moving average price is $13.22. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The company had revenue of $665.49 million for the quarter, compared to analyst estimates of $609.28 million. During the same period last year, the firm earned $0.15 earnings per share. The firm's revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Wednesday, May 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, May 14th. Newmark Group's payout ratio is 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.