Alberta Investment Management Corp Acquires 40,427 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Alberta Investment Management Corp grew its position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,870 shares of the company's stock after purchasing an additional 40,427 shares during the period. Alberta Investment Management Corp owned about 0.17% of Newmark Group worth $3,790,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NMRK. SG Americas Securities LLC bought a new stake in shares of Newmark Group in the 3rd quarter worth approximately $112,000. Creative Planning raised its position in Newmark Group by 15.0% in the 3rd quarter. Creative Planning now owns 45,308 shares of the company's stock worth $704,000 after purchasing an additional 5,915 shares during the period. Blue Trust Inc. lifted its stake in Newmark Group by 408.2% in the third quarter. Blue Trust Inc. now owns 9,401 shares of the company's stock worth $146,000 after purchasing an additional 7,551 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Newmark Group by 104.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 120,535 shares of the company's stock valued at $1,872,000 after buying an additional 61,563 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Newmark Group during the third quarter valued at about $221,000. Institutional investors own 58.42% of the company's stock.

Newmark Group Trading Down 1.9 %

Shares of NASDAQ:NMRK traded down $0.27 during midday trading on Friday, hitting $14.16. 1,045,279 shares of the stock traded hands, compared to its average volume of 961,314. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The business's 50 day moving average is $13.46 and its two-hundred day moving average is $14.18. The stock has a market capitalization of $2.42 billion, a PE ratio of 40.46 and a beta of 1.99. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.07. The company had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. Newmark Group's revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. As a group, research analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, March 3rd. Newmark Group's payout ratio is 34.29%.

Wall Street Analyst Weigh In

NMRK has been the subject of a number of recent research reports. Wolfe Research lowered Newmark Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on Newmark Group in a research report on Friday, December 6th. They issued a "buy" rating and a $19.00 price objective for the company.

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.