Prime Capital Investment Advisors LLC Purchases 1,647 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Prime Capital Investment Advisors LLC boosted its position in Newmark Group, Inc. (NASDAQ:NMRK) by 10.9% in the 4th quarter, Holdings Channel reports. The firm owned 16,789 shares of the company’s stock after buying an additional 1,647 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Newmark Group were worth $184,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in Newmark Group by 65.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock worth $33,000 after purchasing an additional 2,040 shares during the last quarter. Captrust Financial Advisors lifted its stake in Newmark Group by 44.0% in the second quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock worth $37,000 after purchasing an additional 1,176 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Newmark Group by 6,298.8% during the fourth quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock worth $41,000 after acquiring an additional 5,102 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Newmark Group during the third quarter worth approximately $44,000. Finally, Lazard Asset Management LLC increased its position in shares of Newmark Group by 117.8% during the third quarter. Lazard Asset Management LLC now owns 7,161 shares of the company’s stock worth $46,000 after acquiring an additional 3,873 shares during the period. Institutional investors own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NMRK shares. Piper Sandler reaffirmed an “overweight” rating and set a $13.00 target price on shares of Newmark Group in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods raised their target price on shares of Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a research report on Monday, February 26th.

Newmark Group Stock Performance

Shares of NMRK stock opened at $10.27 on Monday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 41.08 and a beta of 1.97. The company’s 50 day moving average is $10.69 and its 200 day moving average is $9.12. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.35. Newmark Group, Inc. has a 52-week low of $5.07 and a 52-week high of $11.51.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $743.53 million. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. During the same period last year, the company posted $0.32 earnings per share. On average, sell-side analysts anticipate that Newmark Group, Inc. will post 1.12 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, March 7th. Newmark Group’s payout ratio is 48.00%.

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.