Fox Run Management L.L.C. Lowers Holdings in Newmark Group, Inc. $NMRK

Fox Run Management L.L.C. decreased its position in Newmark Group, Inc. (NASDAQ:NMRK) by 34.1% during the second quarter, HoldingsChannel.com reports. The firm owned 35,298 shares of the company’s stock after selling 18,278 shares during the quarter. Fox Run Management L.L.C.’s holdings in Newmark Group were worth $429,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NMRK. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Newmark Group during the 1st quarter valued at about $47,000. CWM LLC grew its holdings in shares of Newmark Group by 63.8% during the first quarter. CWM LLC now owns 7,693 shares of the company’s stock valued at $94,000 after buying an additional 2,996 shares during the last quarter. Xponance Inc. bought a new stake in shares of Newmark Group during the first quarter valued at approximately $122,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Newmark Group in the 2nd quarter worth approximately $131,000. Finally, Corton Capital Inc. bought a new position in Newmark Group in the 1st quarter valued at approximately $137,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NMRK has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Newmark Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Newmark Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods raised their price target on shares of Newmark Group from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Citizens Jmp initiated coverage on shares of Newmark Group in a report on Monday, July 21st. They set a “strong-buy” rating and a $17.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.83.

Newmark Group Stock Down 1.1%

NMRK stock opened at $17.29 on Thursday. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.83. The business’s 50-day moving average is $18.36 and its two-hundred day moving average is $15.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 30.33 and a beta of 2.13.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 23.69% and a net margin of 3.26%.The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. As a group, analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 17th. Newmark Group’s payout ratio is currently 21.05%.

About Newmark Group

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.