Ashton Thomas Securities LLC Acquires Shares of 85,324 Newmark Group, Inc. (NASDAQ:NMRK)

Ashton Thomas Securities LLC bought a new position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 85,324 shares of the company's stock, valued at approximately $1,093,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Newmark Group by 1,017.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company's stock worth $33,197,000 after purchasing an additional 1,946,322 shares during the period. Vision Capital Corp bought a new position in shares of Newmark Group in the third quarter worth about $17,203,000. Systematic Financial Management LP lifted its position in shares of Newmark Group by 53.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,421,985 shares of the company's stock valued at $22,083,000 after buying an additional 493,050 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Newmark Group during the 4th quarter valued at about $4,785,000. Finally, State Street Corp grew its stake in shares of Newmark Group by 7.8% during the 3rd quarter. State Street Corp now owns 3,426,682 shares of the company's stock valued at $53,216,000 after acquiring an additional 247,433 shares during the period. Institutional investors own 58.42% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their price target on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th.

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Newmark Group Price Performance

NMRK traded down $0.37 on Friday, hitting $12.11. 895,832 shares of the company's stock traded hands, compared to its average volume of 1,108,775. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 34.60 and a beta of 1.96. The company's 50 day simple moving average is $13.56 and its 200-day simple moving average is $14.19.

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

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.03 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.99%. Newmark Group's payout ratio is 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.