Jump Financial LLC Acquires Shares of 52,424 Newmark Group, Inc. (NASDAQ:NMRK)

by · The Cerbat Gem

Jump Financial LLC bought a new stake in Newmark Group, Inc. (NASDAQ:NMRK – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 52,424 shares of the company’s stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Walleye Capital LLC bought a new position in Newmark Group in the fourth quarter valued at about $174,000. Barclays PLC increased its position in Newmark Group by 0.3% during the 4th quarter. Barclays PLC now owns 227,866 shares of the company’s stock worth $2,919,000 after purchasing an additional 767 shares in the last quarter. Optimize Financial Inc bought a new position in Newmark Group in the 4th quarter valued at approximately $132,000. Sterling Capital Management LLC boosted its position in Newmark Group by 813.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company’s stock valued at $53,000 after buying an additional 3,695 shares in the last quarter. Finally, KDK Private Wealth Management LLC bought a new stake in shares of Newmark Group during the fourth quarter worth $769,000. Institutional investors own 58.42% of the company’s stock.

Wall Street Analyst Weigh In

NMRK has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Newmark Group from $18.00 to $14.50 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th.

Get Our Latest Stock Report on NMRK

Newmark Group Stock Up 2.9 %

Newmark Group stock opened at $10.38 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.87 billion, a PE ratio of 29.66 and a beta of 1.69. The firm’s fifty day moving average is $12.40 and its 200 day moving average is $13.60. Newmark Group, Inc. has a 12-month low of $9.45 and a 12-month high of $16.10.

Newmark Group (NASDAQ:NMRK – Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The company had revenue of $888.30 million for the quarter, compared to analysts’ expectations of $790.76 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue was up 18.9% on a year-over-year basis. As a group, sell-side analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, March 3rd. Newmark Group’s payout ratio is presently 34.29%.

About Newmark Group

(Free Report)

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.

See Also

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