Prescott Group Capital Management L.L.C. Buys New Stake in Newmark Group, Inc. $NMRK

Prescott Group Capital Management L.L.C. bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $486,000.

Several other hedge funds also recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its position in shares of Newmark Group by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 21,743 shares of the company’s stock valued at $264,000 after acquiring an additional 949 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Newmark Group by 8.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock valued at $152,000 after purchasing an additional 968 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Newmark Group by 10.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 11,878 shares of the company’s stock valued at $145,000 after purchasing an additional 1,121 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Newmark Group by 9.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company’s stock worth $175,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Newmark Group by 1.2% during the 1st quarter. Sei Investments Co. now owns 122,117 shares of the company’s stock worth $1,519,000 after purchasing an additional 1,426 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Performance

NASDAQ:NMRK opened at $17.40 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of 30.53 and a beta of 2.13. The firm’s 50 day moving average is $18.39 and its two-hundred day moving average is $14.89. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.83. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $863.46 million during the quarter, compared to the consensus estimate of $767.12 million. Newmark Group had a return on equity of 24.04% and a net margin of 3.26%.The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. Analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, November 17th. Newmark Group’s dividend payout ratio (DPR) is 21.05%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NMRK. Zacks Research lowered shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Piper Sandler boosted their price target on Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citizens Jmp began coverage on Newmark Group in a research note on Monday, July 21st. They set a “strong-buy” rating and a $17.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, JMP Securities upped their target price on Newmark Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Newmark Group has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Newmark Group Company 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.