Versor Investments LP purchased a brand new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) within the 2nd quarter, based on its most up-to-date disclosure with the Securities and Change Fee (SEC). The institutional investor purchased 32,237 shares of the corporate’s inventory, valued at roughly $330,000.
A lot of different hedge funds and different institutional buyers have additionally modified their holdings of the inventory. Riverview Belief Co acquired a brand new place in shares of Newmark Group within the first quarter price about $29,000. Fifth Third Bancorp acquired a brand new stake in Newmark Group through the 2nd quarter valued at $33,000. EntryPoint Capital LLC raised its stake in Newmark Group by 35.5% through the 1st quarter. EntryPoint Capital LLC now owns 4,422 shares of the corporate’s inventory valued at $49,000 after buying an extra 1,159 shares through the interval. Vanguard Personalised Indexing Administration LLC bought a brand new stake in shares of Newmark Group within the fourth quarter valued at $119,000. Lastly, Oppenheimer Asset Administration Inc. acquired a brand new stake in shares of Newmark Group within the first quarter price $135,000. Institutional buyers and hedge funds personal 58.42% of the corporate’s inventory.
Analyst Upgrades and Downgrades
NMRK has been the topic of a number of analysis analyst reviews. Wolfe Analysis raised Newmark Group from a “peer carry out” ranking to an “outperform” ranking and set a $15.00 worth goal for the corporate in a analysis be aware on Friday, August sixteenth. Piper Sandler elevated their worth goal on shares of Newmark Group from $13.00 to $17.00 and gave the inventory an “chubby” ranking in a analysis report on Tuesday. Lastly, Keefe, Bruyette & Woods upgraded shares of Newmark Group from a “market carry out” ranking to an “outperform” ranking and raised their worth goal for the inventory from $13.50 to $16.50 in a report on Thursday.
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Newmark Group Inventory Efficiency
Shares of NASDAQ NMRK opened at $14.15 on Friday. The corporate has a debt-to-equity ratio of 0.49, a present ratio of 0.49 and a fast ratio of 0.49. Newmark Group, Inc. has a one 12 months low of $5.09 and a one 12 months excessive of $14.47. The enterprise’s 50-day transferring common worth is $12.09 and its two-hundred day transferring common worth is $10.98. The corporate has a market capitalization of $2.44 billion, a P/E ratio of 64.32 and a beta of two.01.
Newmark Group (NASDAQ:NMRK – Get Free Report) final introduced its quarterly earnings outcomes on Friday, August 2nd. The corporate reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The enterprise had income of $633.40 million through the quarter, in comparison with analysts’ expectations of $630.27 million. Newmark Group had a return on fairness of 17.78% and a web margin of 1.75%. The agency’s quarterly income was up 8.1% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the enterprise posted $0.18 EPS. Analysts anticipate that Newmark Group, Inc. will put up 1.14 earnings per share for the present fiscal 12 months.
Newmark Group Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Tuesday, September third. Buyers of file on Friday, August sixteenth had been paid a $0.03 dividend. This represents a $0.12 dividend on an annualized foundation and a dividend yield of 0.85%. The ex-dividend date was Friday, August sixteenth. Newmark Group’s payout ratio is 54.55%.
About Newmark Group
Newmark Group, Inc offers industrial actual property companies in the US, the UK, and internationally. The corporate provides capital markets consisting of funding gross sales and industrial mortgage brokerage; landlord or company illustration leasing; valuation and advisory; property administration; industrial actual property expertise platform and capabilities; the UK enterprise charges companies; due diligence, consulting, and different advisory companies; GSEs and the Federal Housing Administration lending companies comprising multifamily lending and mortgage servicing; asset administration; and versatile workspace options for homeowners.
See Additionally
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