Graham Capital Management L.P. Grows Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Graham Capital Management L.P. increased its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 30.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,862 shares of the company’s stock after buying an additional 34,644 shares during the quarter. Graham Capital Management L.P. owned about 0.09% of Newmark Group worth $1,894,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NMRK. Principal Financial Group Inc. raised its position in shares of Newmark Group by 1,017.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company’s stock valued at $33,197,000 after buying an additional 1,946,322 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Newmark Group by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company’s stock valued at $37,770,000 after purchasing an additional 1,502,372 shares during the period. Wells Fargo & Company MN raised its position in Newmark Group by 851.7% in the fourth quarter. Wells Fargo & Company MN now owns 848,475 shares of the company’s stock valued at $10,869,000 after purchasing an additional 759,324 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Newmark Group in the fourth quarter valued at approximately $5,277,000. Finally, Raymond James Financial Inc. purchased a new stake in Newmark Group in the fourth quarter valued at approximately $4,785,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Down 0.8%

Newmark Group stock opened at $11.23 on Monday. Newmark Group, Inc. has a twelve month low of $9.64 and a twelve month high of $16.10. The stock’s fifty day simple moving average is $11.55 and its 200-day simple moving average is $13.26. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $2.03 billion, a P/E ratio of 32.09 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business had revenue of $665.49 million for the quarter, compared to analyst estimates of $609.28 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. As a group, equities analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, May 14th. Newmark Group’s dividend payout ratio is currently 30.77%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NMRK shares. Keefe, Bruyette & Woods cut their target price on Newmark Group from $14.50 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Piper Sandler cut their target price on Newmark Group from $19.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, The Goldman Sachs Group cut their target price on Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th.

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.