Bailard Inc. Makes New Investment in Newmark Group, Inc. (NASDAQ:NMRK)

Bailard Inc. purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 68,901 shares of the company’s stock, valued at approximately $755,000.

A number of other large investors also recently modified their holdings of the business. Evergreen Capital Management LLC lifted its holdings in shares of Newmark Group by 11.8% during the third quarter. Evergreen Capital Management LLC now owns 13,739 shares of the company’s stock worth $88,000 after buying an additional 1,455 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of 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 buying an additional 1,647 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 buying an additional 2,065 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Newmark Group by 1.5% during the third quarter. Swiss National Bank now owns 320,007 shares of the company’s stock worth $2,058,000 after buying an additional 4,700 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Newmark Group by 31.5% during the third quarter. PNC Financial Services Group Inc. now owns 22,769 shares of the company’s stock worth $146,000 after buying an additional 5,456 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Stock Performance

Shares of NASDAQ NMRK opened at $9.76 on Friday. The business has a fifty day simple moving average of $10.54 and a 200 day simple moving average of $9.33. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 39.04 and a beta of 1.97. Newmark Group, Inc. has a one year low of $5.07 and a one year high of $11.51.

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

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.12 annualized dividend and a yield of 1.23%. Newmark Group’s dividend payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

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

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.