Two Sigma Investments LP Purchases New Shares in Newmark Group, Inc. (NASDAQ:NMRK)

Two Sigma Investments LP bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,423 shares of the company’s stock, valued at approximately $287,000.

Other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in Newmark Group by 813.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,149 shares of the company’s stock worth $53,000 after purchasing an additional 3,695 shares in the last quarter. Assetmark Inc. boosted its holdings in Newmark Group by 43.5% in the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after acquiring an additional 2,602 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Newmark Group by 48.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company’s stock worth $120,000 after acquiring an additional 3,070 shares in the last quarter. Optimize Financial Inc bought a new position in Newmark Group in the fourth quarter worth approximately $132,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Newmark Group in the fourth quarter valued at approximately $133,000. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Price Performance

NASDAQ:NMRK opened at $11.76 on Thursday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 33.60 and a beta of 1.94. Newmark Group, Inc. has a 52-week low of $9.64 and a 52-week high of $16.10. The stock has a fifty day moving average of $10.96 and a 200 day moving average of $12.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $665.49 million during the quarter, compared to analyst estimates of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, research analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, May 14th. Newmark Group’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Ratings Changes

NMRK has been the topic of a number of recent research reports. Wall Street Zen lowered Newmark Group from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Piper Sandler decreased their price target on Newmark Group from $19.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Keefe, Bruyette & Woods decreased their target price on Newmark Group from $14.50 to $14.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Finally, Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research report on Friday, May 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.25.

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.