Brinker Capital Investments LLC raised its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK – Get Rating) by 13.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 62,998 shares of the company’s stock after purchasing an additional 7,629 shares during the period. Brinker Capital Investments LLC’s holdings in Newmark Group were worth $609,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of NMRK. Ensign Peak Advisors Inc purchased a new position in shares of Newmark Group in the 4th quarter worth approximately $205,000. Barclays PLC grew its position in shares of Newmark Group by 133.5% in the 4th quarter. Barclays PLC now owns 186,999 shares of the company’s stock worth $3,497,000 after buying an additional 106,916 shares during the last quarter. Point72 Hong Kong Ltd grew its position in shares of Newmark Group by 912.5% in the 4th quarter. Point72 Hong Kong Ltd now owns 2,025 shares of the company’s stock worth $38,000 after buying an additional 1,825 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Newmark Group by 11.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 188,355 shares of the company’s stock worth $3,522,000 after buying an additional 19,563 shares during the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Newmark Group in the 1st quarter worth approximately $588,000. Hedge funds and other institutional investors own 58.30% of the company’s stock.
Newmark Group Stock Down 1.2 %
NASDAQ:NMRK opened at $8.85 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.37. Newmark Group, Inc. has a twelve month low of $7.80 and a twelve month high of $19.10. The company’s 50 day moving average is $10.14 and its two-hundred day moving average is $11.19. The company has a market cap of $1.58 billion, a PE ratio of 5.43 and a beta of 1.80.
Newmark Group (NASDAQ:NMRK – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Newmark Group had a net margin of 10.19% and a return on equity of 30.07%. The business had revenue of $755.40 million during the quarter, compared to analysts’ expectations of $670.04 million. During the same period in the previous year, the business posted $0.31 EPS. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. Analysts anticipate that Newmark Group, Inc. will post 1.8 EPS for the current year.
Newmark Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, August 12th. Newmark Group’s payout ratio is 7.36%.
Wall Street Analyst Weigh In
Separately, Piper Sandler dropped their target price on shares of Newmark Group to $11.00 in a research report on Monday, July 4th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Newmark Group currently has a consensus rating of “Hold” and an average target price of $16.00.
Newmark Group Profile
Newmark Group, Inc provides commercial real estate services in the United States and internationally. The company’s investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services.
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