Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by HGI Capital Management LLC

HGI Capital Management LLC lessened its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 42.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,792 shares of the company's stock after selling 182,330 shares during the period. Newmark Group makes up approximately 3.3% of HGI Capital Management LLC's portfolio, making the stock its 12th biggest holding. HGI Capital Management LLC owned 0.15% of Newmark Group worth $3,187,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NMRK. Sterling Capital Management LLC grew its holdings in Newmark Group by 813.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after purchasing an additional 3,695 shares during the last quarter. Assetmark Inc. raised its position in Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company's stock worth $110,000 after acquiring an additional 2,602 shares during the last quarter. Optimize Financial Inc purchased a new stake in shares of Newmark Group in the fourth quarter valued at about $132,000. Highland Capital Management LLC purchased a new position in shares of Newmark Group during the 4th quarter worth approximately $135,000. Finally, Cibc World Markets Corp acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $158,000. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on NMRK shares. Keefe, Bruyette & Woods dropped their price target on Newmark Group from $18.00 to $14.50 and set an "outperform" rating for the company in a research report on Thursday. The Goldman Sachs Group decreased their price target on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th.

Newmark Group Trading Down 2.9 %

NMRK traded down $0.30 during midday trading on Monday, hitting $10.09. The company's stock had a trading volume of 1,761,492 shares, compared to its average volume of 1,136,295. The firm has a market cap of $1.82 billion, a P/E ratio of 28.83 and a beta of 1.69. Newmark Group, Inc. has a 52-week low of $9.45 and a 52-week 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 50-day moving average price of $12.54 and a two-hundred day moving average price of $13.66.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping 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 net margin of 2.22% and a return on equity of 20.74%. Newmark Group's revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. On average, research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's dividend payout ratio is currently 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.