Orion Portfolio Solutions LLC Increases Stake in Newmark Group, Inc. (NASDAQ:NMRK)

Orion Portfolio Solutions LLC boosted its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 49.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,358 shares of the company's stock after acquiring an additional 45,426 shares during the period. Orion Portfolio Solutions LLC owned 0.08% of Newmark Group worth $2,133,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NMRK. Fifth Third Bancorp bought a new stake in shares of Newmark Group in the second quarter valued at approximately $33,000. Assetmark Inc. purchased a new position in Newmark Group during the third quarter valued at approximately $93,000. Black Diamond Financial LLC purchased a new position in Newmark Group during the second quarter valued at approximately $102,000. Evergreen Capital Management LLC purchased a new position in Newmark Group during the second quarter valued at approximately $107,000. Finally, SG Americas Securities LLC purchased a new position in Newmark Group during the third quarter valued at approximately $112,000. Institutional investors own 58.42% of the company's stock.

Analyst Upgrades and Downgrades

NMRK has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Newmark Group in a research note on Friday, December 6th. They set a "buy" rating and a $19.00 price objective for the company. Piper Sandler boosted their price objective on shares of Newmark Group from $13.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods raised shares of Newmark Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $13.50 to $16.50 in a research note on Thursday, September 5th. Finally, Wolfe Research cut shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 25th.

Newmark Group Price Performance

NMRK stock traded down $0.22 during midday trading on Thursday, reaching $14.86. The company had a trading volume of 644,982 shares, compared to its average volume of 1,144,869. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group, Inc. has a 1 year low of $8.65 and a 1 year high of $16.10. The company has a market capitalization of $2.54 billion, a P/E ratio of 50.30 and a beta of 1.96. The firm has a 50-day moving average price of $15.10 and a 200-day moving average price of $13.24.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The business had revenue of $685.90 million during the quarter, compared to analysts' expectations of $682.07 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that Newmark Group, Inc. will post 1.15 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. Newmark Group's dividend payout ratio (DPR) is 40.00%.

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.