Penn Capital Management Company LLC Decreases Stock Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Penn Capital Management Company LLC lessened its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,156,236 shares of the company's stock after selling 88,855 shares during the period. Newmark Group makes up approximately 1.5% of Penn Capital Management Company LLC's portfolio, making the stock its 15th biggest holding. Penn Capital Management Company LLC owned 0.68% of Newmark Group worth $14,811,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 83,094 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Newmark Group by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,374,705 shares of the company's stock valued at $81,660,000 after acquiring an additional 88,618 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Newmark Group by 44.9% during the 4th quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock valued at $39,691,000 after acquiring an additional 960,799 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Newmark Group by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock valued at $37,770,000 after purchasing an additional 1,502,372 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Newmark Group by 5.1% in the fourth quarter. American Century Companies Inc. now owns 1,541,854 shares of the company's stock valued at $19,751,000 after purchasing an additional 75,502 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Newmark Group from $18.00 to $14.50 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group decreased their price objective on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th.

Newmark Group Trading Down 0.3 %

NASDAQ NMRK traded down $0.04 during mid-day trading on Tuesday, reaching $11.15. 304,551 shares of the stock were exchanged, compared to its average volume of 1,139,866. The stock has a market capitalization of $2.01 billion, a PE ratio of 31.83 and a beta of 1.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. Newmark Group, Inc. has a 1-year low of $9.51 and a 1-year high of $16.10. The business's fifty day simple moving average is $12.12 and its 200 day simple moving average is $13.50.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. The business had revenue of $888.30 million for the quarter, compared to analysts' expectations of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business's revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. On average, research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's dividend payout ratio is currently 34.29%.

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.