31,108 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Bought by L.K. Benson & Company P.C.

L.K. Benson & Company P.C. bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,108 shares of the company's stock, valued at approximately $398,000.

Several other large investors also recently added to or reduced their stakes in NMRK. Assetmark Inc. grew its position in Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after buying an additional 2,602 shares during the period. Highland Capital Management LLC bought a new stake in Newmark Group during the fourth quarter valued at approximately $135,000. Cibc World Markets Corp purchased a new position in Newmark Group during the fourth quarter valued at approximately $158,000. OneDigital Investment Advisors LLC purchased a new position in Newmark Group during the third quarter valued at approximately $178,000. Finally, Coldstream Capital Management Inc. purchased a new position in Newmark Group during the third quarter valued at approximately $181,000. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Price Performance

NASDAQ:NMRK traded down $0.15 during trading hours on Friday, hitting $12.43. 1,607,972 shares of the stock traded hands, compared to its average volume of 1,071,092. Newmark Group, Inc. has a 1 year low of $9.44 and a 1 year high of $16.10. The stock has a 50 day moving average price of $13.57 and a 200 day moving average price of $14.25. 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 company has a market cap of $2.24 billion, a price-to-earnings ratio of 35.52 and a beta of 1.96.

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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. Sell-side analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's dividend payout ratio (DPR) is presently 34.29%.

Analyst Ratings Changes

Several brokerages have weighed in on NMRK. The Goldman Sachs Group lowered their price target on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a report on Wednesday. Wolfe Research downgraded shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a report on Monday, November 25th.

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.