Newmark Group, Inc. (NASDAQ:NMRK) Shares Acquired by Jump Financial LLC

Jump Financial LLC raised its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 573.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,100 shares of the company's stock after purchasing an additional 84,391 shares during the period. Jump Financial LLC owned 0.06% of Newmark Group worth $1,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in Newmark Group during the 3rd quarter valued at approximately $44,000. AXQ Capital LP purchased a new position in shares of Newmark Group in the 3rd quarter worth about $76,000. Evergreen Capital Management LLC boosted its stake in Newmark Group by 11.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 13,739 shares of the company's stock worth $88,000 after purchasing an additional 1,455 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Newmark Group during the 3rd quarter valued at about $91,000. Finally, Mackenzie Financial Corp purchased a new stake in Newmark Group during the 3rd quarter valued at about $104,000. Institutional investors own 58.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NMRK shares. Piper Sandler reaffirmed an "overweight" rating and issued a $13.00 target price on shares of Newmark Group in a report on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their price objective on shares of Newmark Group from $11.00 to $11.25 and gave the stock a "market perform" rating in a report on Monday, February 26th.

Newmark Group Stock Performance

NMRK traded up $0.30 during midday trading on Friday, hitting $11.22. 2,465,547 shares of the company traded hands, compared to its average volume of 1,047,700. The company's 50-day moving average is $10.39 and its 200 day moving average is $9.80. The company has a quick ratio of 0.59, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.94 billion, a PE ratio of 51.00 and a beta of 1.99. Newmark Group, Inc. has a 52 week low of $5.09 and a 52 week high of $11.51.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). Newmark Group had a net margin of 1.47% and a return on equity of 17.03%. The company had revenue of $546.50 million for the quarter, compared to the consensus estimate of $526.07 million. During the same quarter last year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that Newmark Group, Inc. will post 1.12 EPS for the current year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 16th. Newmark Group's payout ratio is currently 54.55%.

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.