Campbell & CO Investment Adviser LLC Has $631,000 Stock Holdings in Newmark Group, Inc. $NMRK

Campbell & CO Investment Adviser LLC lowered its position in Newmark Group, Inc. (NASDAQ:NMRK) by 17.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,961 shares of the company’s stock after selling 10,917 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Newmark Group were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in NMRK. Teacher Retirement System of Texas increased its position in Newmark Group by 4.6% in the 2nd 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 during the period. Oppenheimer Asset Management Inc. increased its holdings in Newmark Group by 8.4% in the second 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 period. PNC Financial Services Group Inc. raised its position in 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. Sei Investments Co. raised its position in 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. Finally, Oliver Luxxe Assets LLC grew its position in shares of Newmark Group by 2.3% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 105,297 shares of the company’s stock valued at $1,279,000 after buying an additional 2,389 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Stock Performance

NASDAQ:NMRK opened at $16.42 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.46. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $19.83. The company has a fifty day moving average of $18.29 and a 200-day moving average of $15.07. The firm has a market capitalization of $2.90 billion, a P/E ratio of 28.81 and a beta of 2.13.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The business had revenue of $863.46 million for the quarter, compared to analyst estimates of $767.12 million. During the same period in the prior year, the firm earned $0.33 earnings per share. Newmark Group’s revenue was up 25.9% on a year-over-year basis. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. As a group, sell-side analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citizens Jmp assumed coverage on Newmark Group in a research report on Monday, July 21st. They set a “strong-buy” rating and a $17.00 price objective for the company. Piper Sandler raised their price target on shares of Newmark Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Zacks Research lowered shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. JMP Securities lifted their target price on shares of Newmark Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently 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.