Proficio Capital Partners LLC Takes $274,000 Position in Newmark Group, Inc. (NASDAQ:NMRK)

Proficio Capital Partners LLC acquired a new stake in Newmark Group, Inc. (NASDAQ:NMRK) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 21,367 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors have also modified their holdings of the stock. Rhumbline Advisers lifted its stake in shares of Newmark Group by 0.5% in the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock valued at $3,036,000 after purchasing an additional 1,201 shares during the last quarter. Oliver Luxxe Assets LLC lifted its stake in shares of Newmark Group by 3.4% in the 4th quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company’s stock valued at $1,303,000 after purchasing an additional 3,353 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Newmark Group by 32.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock valued at $211,000 after purchasing an additional 4,019 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Newmark Group by 8.9% in the 4th quarter. Handelsbanken Fonder AB now owns 50,017 shares of the company’s stock valued at $641,000 after purchasing an additional 4,100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Newmark Group by 6.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,602 shares of the company’s stock valued at $1,190,000 after purchasing an additional 4,834 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NMRK shares. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on Newmark Group in a report on Friday, December 6th. They issued a “buy” rating and a $19.00 price target on the stock.

Newmark Group Trading Down 0.2 %

Shares of NASDAQ NMRK opened at $12.51 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The business’s 50 day moving average price is $13.59 and its 200-day moving average price is $14.32. Newmark Group, Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $16.10. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 35.74 and a beta of 1.96.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Friday, February 14th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The company had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. Newmark Group’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, sell-side analysts expect that Newmark Group, Inc. will post 1.45 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, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 0.96%. Newmark Group’s payout ratio is currently 34.29%.

Newmark Group Company Profile

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.