Quantbot Technologies LP Takes Position in Newmark Group, Inc. (NASDAQ:NMRK)

Quantbot Technologies LP acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 46,382 shares of the company’s stock, valued at approximately $594,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers raised its position in Newmark Group by 0.5% in the fourth quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock worth $3,036,000 after acquiring an additional 1,201 shares during the period. Assetmark Inc. raised its holdings in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after purchasing an additional 2,602 shares during the period. Oliver Luxxe Assets LLC lifted its position in Newmark Group by 3.4% during the fourth 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 in the last quarter. Asset Management One Co. Ltd. grew its holdings in Newmark Group by 32.3% during the fourth 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 period. Finally, Handelsbanken Fonder AB increased its position in Newmark Group by 8.9% in the fourth quarter. Handelsbanken Fonder AB now owns 50,017 shares of the company’s stock worth $641,000 after buying an additional 4,100 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Trading Down 1.1 %

Shares of Newmark Group stock opened at $12.48 on Friday. 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 debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $2.25 billion, a P/E ratio of 35.66 and a beta of 1.96. The company has a fifty day moving average of $13.58 and a 200 day moving average of $14.21.

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

Newmark Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. Newmark Group’s dividend payout ratio is 34.29%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price objective on Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th.

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.