Newmark Group (NASDAQ:NMRK) Sees Strong Trading Volume

Shares of Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,498,300 shares traded hands during mid-day trading, an increase of 42% from the previous session's volume of 1,052,228 shares.The stock last traded at $11.20 and had previously closed at $10.92.

Wall Street Analyst Weigh In

NMRK has been the subject of a number of research reports. Piper Sandler restated an "overweight" rating and set a $13.00 target price on shares of Newmark Group in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their price objective on 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

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.59. The stock's 50-day moving average price is $10.38 and its 200-day moving average price is $9.76. The company has a market cap of $1.94 billion, a P/E ratio of 51.00 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.15 earnings per share (EPS) 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 business had revenue of $546.50 million during the quarter, compared to the consensus estimate of $526.07 million. During the same period in the prior year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts anticipate that Newmark Group, Inc. will post 1.12 EPS for the current year.

Newmark Group Announces Dividend

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

Institutional Investors Weigh In On Newmark Group

Several institutional investors and hedge funds have recently bought and sold shares of NMRK. Riverview Trust Co acquired a new stake in shares of Newmark Group in the 1st quarter valued at $29,000. DekaBank Deutsche Girozentrale acquired a new stake in Newmark Group in the third quarter valued at about $44,000. EntryPoint Capital LLC grew its position in Newmark Group by 35.5% in the first quarter. EntryPoint Capital LLC now owns 4,422 shares of the company's stock valued at $49,000 after acquiring an additional 1,159 shares during the last quarter. AXQ Capital LP acquired a new position in Newmark Group during the third quarter worth about $76,000. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Newmark Group by 11.8% in the third quarter. Evergreen Capital Management LLC now owns 13,739 shares of the company's stock worth $88,000 after acquiring an additional 1,455 shares during the last quarter. Institutional investors own 58.42% of the company's stock.

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.