Hillsdale Investment Management Inc. Has $7.79 Million Position in Newmark Group, Inc. $NMRK

Hillsdale Investment Management Inc. raised its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 115,331.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 519,440 shares of the company’s stock after buying an additional 518,990 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Newmark Group were worth $7,786,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Balyasny Asset Management L.P. boosted its stake in Newmark Group by 422.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock worth $35,373,000 after acquiring an additional 1,649,189 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Newmark Group by 319.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock valued at $27,819,000 after purchasing an additional 1,222,069 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in Newmark Group in the second quarter valued at approximately $14,580,000. Ameriprise Financial Inc. increased its stake in Newmark Group by 88.9% in the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock valued at $30,622,000 after purchasing an additional 1,186,191 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Newmark Group by 194.1% in the third quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock worth $29,383,000 after purchasing an additional 1,039,798 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Citizens Jmp lifted their price target on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a research note on Monday, June 29th. Keefe, Bruyette & Woods lifted their target price on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.62.

Newmark Group Stock Performance

Shares of NMRK stock opened at $15.09 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48. Newmark Group, Inc. has a 52 week low of $12.06 and a 52 week high of $19.83. The company’s 50 day moving average price is $15.08 and its two-hundred day moving average price is $15.60. The company has a market capitalization of $2.68 billion, a P/E ratio of 18.63 and a beta of 1.68.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. The company had revenue of $846.52 million during the quarter. On average, analysts expect that Newmark Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Newmark Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.6%. This is an increase from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s payout ratio is presently 29.63%.

Newmark Group Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.