Versor Investments LP Makes New Investment in Newmark Group, Inc. (NASDAQ:NMRK)

Versor Investments LP acquired a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 64,900 shares of the company's stock, valued at approximately $831,000.

Several other hedge funds have also added to or reduced their stakes in NMRK. Rhumbline Advisers boosted its stake in Newmark Group by 0.5% in the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company's stock worth $3,036,000 after purchasing an additional 1,201 shares in the last quarter. Oliver Luxxe Assets LLC lifted its holdings in shares of Newmark Group by 3.4% during the 4th quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company's stock valued at $1,303,000 after buying an additional 3,353 shares during the period. Asset Management One Co. Ltd. boosted its position in Newmark Group by 32.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company's stock worth $211,000 after purchasing an additional 4,019 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Newmark Group by 8.9% during the 4th quarter. Handelsbanken Fonder AB now owns 50,017 shares of the company's stock valued at $641,000 after purchasing an additional 4,100 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Newmark Group by 6.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,602 shares of the company's stock worth $1,190,000 after purchasing an additional 4,834 shares during the period. 58.42% of the stock is owned by institutional investors.

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Newmark Group Stock Performance

Shares of NASDAQ:NMRK traded down $0.20 during midday trading on Monday, reaching $14.44. The company's stock had a trading volume of 921,560 shares, compared to its average volume of 938,231. 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 fifty day moving average of $13.52 and a 200 day moving average of $14.30. Newmark Group, Inc. has a twelve month low of $9.44 and a twelve month high of $16.10. The firm has a market capitalization of $2.47 billion, a PE ratio of 41.26 and a beta of 1.99.

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

Newmark Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, March 3rd. Newmark Group's payout ratio is 34.29%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wolfe Research lowered Newmark Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Newmark Group in a research report on Friday, December 6th. They issued a "buy" rating and a $19.00 price objective on the stock.

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.