Fox Run Management L.L.C. Buys New Stake in Newmark Group, Inc. (NASDAQ:NMRK)

Fox Run Management L.L.C. acquired a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 62,216 shares of the company's stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NMRK. Victory Capital Management Inc. increased its position in shares of Newmark Group by 7.1% during the third quarter. Victory Capital Management Inc. now owns 106,138 shares of the company's stock valued at $1,648,000 after acquiring an additional 7,005 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Newmark Group in the 3rd quarter valued at approximately $178,000. Intech Investment Management LLC purchased a new stake in Newmark Group in the third quarter valued at approximately $819,000. Charles Schwab Investment Management Inc. lifted its stake in Newmark Group by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,152,232 shares of the company's stock worth $33,424,000 after purchasing an additional 85,728 shares in the last quarter. Finally, Algert Global LLC lifted 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 purchasing an additional 93,160 shares in the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Stock Down 3.0 %

Newmark Group stock traded down $0.37 during mid-day trading on Friday, reaching $12.11. 895,832 shares of the company's stock were exchanged, compared to its average volume of 1,108,775. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group, Inc. has a twelve month low of $9.44 and a twelve month high of $16.10. The company has a market cap of $2.19 billion, a P/E ratio of 34.60 and a beta of 1.96. The company has a fifty day moving average of $13.56 and a 200-day moving average of $14.19.

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Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $790.76 million. During the same period last year, the firm earned $0.46 earnings per share. The company's revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a dividend yield of 0.99%. Newmark Group's payout ratio is 34.29%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut their price objective on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th.

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.