Cwm LLC Sells 2,596 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Cwm LLC cut its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 43.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,417 shares of the company’s stock after selling 2,596 shares during the period. Cwm LLC’s holdings in Newmark Group were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NMRK. Charles Schwab Investment Management Inc. increased its stake in Newmark Group by 8.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,887,958 shares of the company’s stock worth $12,140,000 after acquiring an additional 141,785 shares during the last quarter. American Century Companies Inc. increased its position in shares of Newmark Group by 410.2% during the 3rd quarter. American Century Companies Inc. now owns 1,672,287 shares of the company’s stock valued at $10,753,000 after purchasing an additional 1,344,514 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Newmark Group by 361.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,106,494 shares of the company’s stock valued at $7,115,000 after buying an additional 866,924 shares during the period. Foundry Partners LLC lifted its position in Newmark Group by 16.0% in the third quarter. Foundry Partners LLC now owns 664,625 shares of the company’s stock worth $4,274,000 after buying an additional 91,655 shares during the last quarter. Finally, Denali Advisors LLC lifted its position in Newmark Group by 4.8% in the fourth quarter. Denali Advisors LLC now owns 506,529 shares of the company’s stock worth $5,552,000 after buying an additional 23,080 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NMRK shares. Piper Sandler reissued an “overweight” rating and issued a $13.00 target price on shares of Newmark Group in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a report on Monday, February 26th.

Newmark Group Stock Performance

Shares of Newmark Group stock opened at $10.28 on Friday. Newmark Group, Inc. has a 52 week low of $5.08 and a 52 week high of $11.51. The company has a market capitalization of $1.78 billion, a PE ratio of 46.73 and a beta of 1.99. The stock’s fifty day moving average is $10.42 and its two-hundred day moving average is $9.58. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.35.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $546.50 million for the quarter, compared to the consensus estimate of $526.07 million. Newmark Group had a net margin of 1.47% and a return on equity of 17.11%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. As a group, analysts expect that Newmark Group, Inc. will post 1.12 earnings per share for the current year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.12 annualized dividend and a yield of 1.17%. Newmark Group’s payout ratio is currently 54.55%.

About Newmark Group

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.