32,237 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Bought by Versor Investments LP

Versor Investments LP bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,237 shares of the company’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Riverview Trust Co acquired a new position in shares of Newmark Group in the first quarter worth about $29,000. Fifth Third Bancorp acquired a new stake in Newmark Group during the 2nd quarter valued at $33,000. EntryPoint Capital LLC raised its stake in Newmark Group by 35.5% during the 1st quarter. EntryPoint Capital LLC now owns 4,422 shares of the company’s stock valued at $49,000 after purchasing an additional 1,159 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Newmark Group in the fourth quarter valued at $119,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Newmark Group in the first quarter worth $135,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Analyst Upgrades and Downgrades

NMRK has been the subject of several research analyst reports. 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. Piper Sandler increased their price target on shares of Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upgraded shares of Newmark Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $13.50 to $16.50 in a report on Thursday.

Newmark Group Stock Performance

Shares of NASDAQ NMRK opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.49 and a quick ratio of 0.49. Newmark Group, Inc. has a one year low of $5.09 and a one year high of $14.47. The business’s 50-day moving average price is $12.09 and its two-hundred day moving average price is $10.98. The company has a market capitalization of $2.44 billion, a P/E ratio of 64.32 and a beta of 2.01.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $633.40 million during the quarter, compared to analysts’ expectations of $630.27 million. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. Analysts anticipate that Newmark Group, Inc. will post 1.14 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, August 16th. Newmark Group’s payout ratio is 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.