Fox Run Management L.L.C. purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,216 shares of the company's stock, valued at approximately $797,000.
A number of other institutional investors also recently added to or reduced their stakes in NMRK. Geode Capital Management LLC raised its holdings in shares of Newmark Group by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company's stock worth $55,216,000 after buying an additional 190,974 shares in the last quarter. Algert Global LLC raised its stake in Newmark Group by 64.3% during the third quarter. Algert Global LLC now owns 238,138 shares of the company's stock worth $3,698,000 after acquiring an additional 93,160 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Newmark Group by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company's stock valued at $19,006,000 after acquiring an additional 143,251 shares during the period. Barclays PLC boosted its stake in shares of Newmark Group by 352.8% in the 3rd quarter. Barclays PLC now owns 227,099 shares of the company's stock valued at $3,526,000 after purchasing an additional 176,947 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Newmark Group in the 3rd quarter worth about $835,000. 58.42% of the stock is owned by institutional investors and hedge funds.
Newmark Group Price Performance
NMRK traded down $0.15 during trading on Wednesday, hitting $12.59. The company's stock had a trading volume of 232,030 shares, compared to its average volume of 1,068,648. 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 stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 35.98 and a beta of 1.96. The firm's 50 day moving average price is $13.61 and its two-hundred day moving average price is $14.23. Newmark Group, Inc. has a 12 month low of $9.44 and a 12 month high of $16.10.
Newmark Group (NASDAQ:NMRK - Get Free Report) last released 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. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business had revenue of $888.30 million during the quarter, compared to analysts' expectations of $790.76 million. During the same period in the previous year, the business posted $0.46 earnings per share. The firm's revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.
Newmark Group Announces Dividend
The business also recently declared 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. The ex-dividend date was Monday, March 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.95%. Newmark Group's dividend payout ratio (DPR) is currently 34.29%.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group cut their price target 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.
Check Out Our Latest Stock Report on Newmark Group
About Newmark Group
(
Free Report)
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.
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