Inspire Investing LLC Makes New $1.65 Million Investment in Newmark Group, Inc. $NMRK

Inspire Investing LLC acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 110,288 shares of the company’s stock, valued at approximately $1,653,000. Inspire Investing LLC owned approximately 0.06% of Newmark Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Balyasny Asset Management L.P. raised its position in shares of Newmark Group by 422.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock valued at $35,373,000 after buying an additional 1,649,189 shares in the last quarter. Assenagon Asset Management S.A. grew its position 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 worth $27,819,000 after buying an additional 1,222,069 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Newmark Group during the 2nd quarter worth $14,580,000. Ameriprise Financial Inc. increased its stake in Newmark Group by 88.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock worth $30,622,000 after acquiring an additional 1,186,191 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Newmark Group by 194.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock valued at $29,383,000 after acquiring an additional 1,039,798 shares in the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Down 1.0%

Shares of NASDAQ NMRK opened at $15.11 on Wednesday. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 18.65 and a beta of 1.69. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. Newmark Group, Inc. has a 12 month low of $11.98 and a 12 month high of $19.83. The stock has a 50-day moving average price of $15.21 and a two-hundred day moving average price of $15.72.

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

Newmark Group Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Barclays reduced their target price on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Citizens Jmp boosted their price target on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a research report on Monday. Wall Street Zen downgraded shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.62.

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.