Systematic Financial Management LP Acquires 54,138 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Systematic Financial Management LP raised its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,476,123 shares of the company's stock after buying an additional 54,138 shares during the quarter. Systematic Financial Management LP owned 0.86% of Newmark Group worth $18,909,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NMRK. Sterling Capital Management LLC increased its stake in Newmark Group by 813.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after buying an additional 3,695 shares during the period. Assetmark Inc. increased its stake in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after buying an additional 2,602 shares during the period. Tower Research Capital LLC TRC increased its stake in Newmark Group by 48.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock valued at $120,000 after buying an additional 3,070 shares during the period. Optimize Financial Inc acquired a new position in shares of Newmark Group during the 4th quarter worth $132,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Newmark Group during the 4th quarter worth $133,000. Institutional investors and hedge funds own 58.42% of the company's stock.

Newmark Group Stock Performance

Shares of NASDAQ NMRK traded up $0.12 during trading hours on Thursday, hitting $10.40. 489,931 shares of the stock were exchanged, compared to its average volume of 1,137,452. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The company's 50 day moving average is $11.33 and its 200 day moving average is $13.09. The firm has a market capitalization of $1.92 billion, a P/E ratio of 29.64 and a beta of 1.99. Newmark Group, Inc. has a one year low of $9.64 and a one year high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued 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 firm had revenue of $665.49 million during the quarter, compared to the consensus estimate of $609.28 million. During the same period in the prior year, the firm earned $0.15 EPS. The business's revenue was up 21.8% on a year-over-year basis. On average, research analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, May 14th. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

NMRK has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Piper Sandler decreased their price objective on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th.

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.