Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Cwm LLC

Cwm LLC reduced its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 43.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,417 shares of the company’s stock after selling 2,596 shares during the quarter. Cwm LLC’s holdings in Newmark Group were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NMRK. Allspring Global Investments Holdings LLC lifted its stake in Newmark Group by 6.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 33,331 shares of the company’s stock worth $365,000 after purchasing an additional 2,065 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Newmark Group by 76.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 12,641 shares of the company’s stock valued at $138,000 after acquiring an additional 5,480 shares during the period. New York State Teachers Retirement System acquired a new position in Newmark Group in the 4th quarter valued at about $135,000. Prime Capital Investment Advisors LLC increased its stake in Newmark Group by 10.9% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,789 shares of the company’s stock worth $184,000 after purchasing an additional 1,647 shares during the period. Finally, Denali Advisors LLC lifted its position in shares of Newmark Group by 4.8% during the fourth quarter. Denali Advisors LLC now owns 506,529 shares of the company’s stock worth $5,552,000 after purchasing an additional 23,080 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NMRK shares. Piper Sandler restated an “overweight” rating and issued a $13.00 price objective on shares of Newmark Group in a report on Tuesday, March 26th. Keefe, Bruyette & Woods upped their price objective on 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 opened at $10.28 on Friday. The stock has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $9.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.59. Newmark Group, Inc. has a 1 year low of $5.08 and a 1 year high of $11.51. The stock has a market capitalization of $1.78 billion, a PE ratio of 46.73 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Newmark Group had a return on equity of 17.11% and a net margin of 1.47%. The firm had revenue of $546.50 million during the quarter, compared to analysts’ expectations of $526.07 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Newmark Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, May 16th. Newmark Group’s dividend payout ratio (DPR) is presently 54.55%.

Newmark Group Company 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.