Regent Investment Management LLC bought a new position in Newmark Group Inc (NASDAQ:NMRK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,565 shares of the company’s stock, valued at approximately $231,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in NMRK. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Newmark Group during the 3rd quarter valued at approximately $179,000. Nisa Investment Advisors LLC purchased a new stake in shares of Newmark Group during the 3rd quarter valued at approximately $381,000. Peregrine Capital Management LLC purchased a new stake in shares of Newmark Group during the 3rd quarter valued at approximately $5,721,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Newmark Group during the 3rd quarter valued at approximately $113,000. Finally, LifePlan Financial Group Inc purchased a new stake in shares of Newmark Group during the 3rd quarter valued at approximately $33,000. 57.09% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on NMRK shares. Bank of America started coverage on shares of Newmark Group in a report on Friday, October 18th. They issued a “buy” rating and a $15.00 target price for the company. Zacks Investment Research upgraded shares of Newmark Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, October 23rd. Finally, ValuEngine downgraded shares of Newmark Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Newmark Group has a consensus rating of “Buy” and a consensus price target of $14.00.
Shares of NASDAQ:NMRK traded up $0.26 during trading on Friday, hitting $12.08. The company’s stock had a trading volume of 1,316,000 shares, compared to its average volume of 981,090. The company has a market capitalization of $2.06 billion, a PE ratio of 7.95, a P/E/G ratio of 0.81 and a beta of 1.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.46 and a current ratio of 0.50. Newmark Group Inc has a fifty-two week low of $7.02 and a fifty-two week high of $12.15. The business has a 50 day moving average price of $9.75 and a two-hundred day moving average price of $9.10.
Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business had revenue of $586.63 million during the quarter, compared to analyst estimates of $565.52 million. Newmark Group had a net margin of 6.44% and a return on equity of 40.72%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. As a group, equities analysts expect that Newmark Group Inc will post 1.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Tuesday, November 19th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 3.31%. Newmark Group’s dividend payout ratio is presently 26.32%.
Newmark Group Profile
Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.
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