Xponance Inc. Buys New Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Xponance Inc. bought a new stake in Newmark Group, Inc. (NASDAQ:NMRK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,019 shares of the company’s stock, valued at approximately $122,000.

A number of other large investors have also modified their holdings of NMRK. Proficio Capital Partners LLC acquired a new position in shares of Newmark Group in the fourth quarter valued at $274,000. Raymond James Financial Inc. acquired a new position in Newmark Group during the fourth quarter worth $4,785,000. Cibc World Markets Corp acquired a new position in Newmark Group during the fourth quarter worth $158,000. Summit Global Investments acquired a new position in Newmark Group during the fourth quarter worth $1,098,000. Finally, Quantbot Technologies LP acquired a new position in Newmark Group during the fourth quarter worth $594,000. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Stock Performance

Shares of NASDAQ:NMRK opened at $12.31 on Monday. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $16.10. The firm has a market cap of $2.27 billion, a PE ratio of 31.56 and a beta of 1.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.47 and a current ratio of 0.47. The business has a fifty day moving average of $11.67 and a 200-day moving average of $12.23.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Newmark Group had a return on equity of 21.85% and a net margin of 2.39%. The company had revenue of $665.49 million during the quarter, compared to analyst estimates of $609.28 million. During the same period last year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.97%. Newmark Group’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

NMRK has been the topic of several analyst reports. Wolfe Research raised shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Friday, May 23rd. Keefe, Bruyette & Woods lowered their target price on shares of Newmark Group from $14.50 to $14.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Piper Sandler lowered their target price on shares of Newmark Group from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen lowered shares of Newmark Group from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.