Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,885,581 shares of the company’s stock after selling 15,211 shares during the period. Newmark Group makes up approximately 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 25th largest position. Leeward Investments LLC MA’s holdings in Newmark Group were worth $20,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in Newmark Group in the 3rd quarter valued at about $44,000. AXQ Capital LP acquired a new position in Newmark Group in the 3rd quarter valued at about $76,000. New York State Teachers Retirement System acquired a new position in Newmark Group in the 4th quarter valued at about $135,000. Evergreen Capital Management LLC raised its stake in Newmark Group by 11.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 13,739 shares of the company’s stock valued at $88,000 after purchasing an additional 1,455 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Newmark Group in the 3rd quarter valued at about $91,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Up 1.0 %

NMRK opened at $9.76 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 39.04 and a beta of 1.97. The business has a 50-day moving average of $10.54 and a two-hundred day moving average of $9.33. Newmark Group, Inc. has a 12 month low of $5.07 and a 12 month high of $11.51.

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

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, March 7th. Newmark Group’s dividend payout ratio (DPR) is 48.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on NMRK. Piper Sandler reissued an “overweight” rating and issued a $13.00 target price on shares of Newmark Group in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods lifted their price target on Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a report on Monday, February 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.