CWC Advisors LLC. Buys Shares of 19,369 Newmark Group, Inc. (NASDAQ:NMRK)

CWC Advisors LLC. purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,369 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also modified their holdings of NMRK. Vanguard Group Inc. lifted its holdings in shares of Newmark Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock worth $227,067,000 after acquiring an additional 702,233 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Newmark Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock valued at $68,399,000 after purchasing an additional 480,047 shares during the last quarter. Leeward Investments LLC MA grew its stake in shares of Newmark Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 1,907,574 shares of the company’s stock worth $19,514,000 after buying an additional 101,426 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Newmark Group by 11.9% during the second quarter. Systematic Financial Management LP now owns 928,935 shares of the company’s stock worth $9,503,000 after buying an additional 98,532 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of Newmark Group by 5.3% in the 2nd quarter. Foundry Partners LLC now owns 840,576 shares of the company’s stock valued at $8,599,000 after acquiring an additional 42,314 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NMRK. Keefe, Bruyette & Woods upgraded Newmark Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $13.50 to $16.50 in a research report on Thursday, September 5th. Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research note on Friday, August 16th. Finally, Piper Sandler raised their price objective on shares of Newmark Group from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd.

Newmark Group Trading Down 1.8 %

NASDAQ NMRK opened at $15.12 on Friday. The firm has a market capitalization of $2.61 billion, a PE ratio of 68.73 and a beta of 2.01. The business’s 50-day moving average price is $14.58 and its two-hundred day moving average price is $12.05. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Newmark Group, Inc. has a 12 month low of $5.25 and a 12 month high of $16.10.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Newmark Group had a net margin of 1.75% and a return on equity of 17.78%. The firm had revenue of $633.40 million during the quarter, compared to analyst estimates of $630.27 million. During the same quarter last year, the business earned $0.18 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, August 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.79%. 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.