Leeward Investments LLC MA Lowers Position in Newmark Group, Inc. (NASDAQ:NMRK)

Leeward Investments LLC MA trimmed its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 4.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,806,148 shares of the company’s stock after selling 79,433 shares during the period. Leeward Investments LLC MA owned 1.05% of Newmark Group worth $20,030,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Riverview Trust Co bought a new stake in Newmark Group in the 1st quarter worth approximately $29,000. AXQ Capital LP bought a new stake in Newmark Group in the third quarter worth $76,000. Evergreen Capital Management LLC raised its stake in Newmark Group by 11.8% during the third quarter. Evergreen Capital Management LLC now owns 13,739 shares of the company’s stock valued at $88,000 after purchasing an additional 1,455 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Newmark Group during the fourth quarter valued at $119,000. Finally, New York State Teachers Retirement System bought a new position in Newmark Group during the fourth quarter valued at $135,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Trading Up 2.1 %

Shares of Newmark Group stock traded up $0.21 on Thursday, reaching $10.23. The company had a trading volume of 283,317 shares, compared to its average volume of 892,958. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 46.50 and a beta of 2.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. The firm’s 50-day moving average price is $10.16 and its two-hundred day moving average price is $10.34. Newmark Group, Inc. has a 1 year low of $5.09 and a 1 year high of $11.51.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Newmark Group had a return on equity of 17.03% and a net margin of 1.47%. The firm had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $526.07 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts predict that Newmark Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.12 annualized dividend and a yield of 1.17%. Newmark Group’s payout ratio is 54.55%.

Analyst Ratings Changes

Separately, Piper Sandler restated an “overweight” rating and set a $13.00 target price on shares of Newmark Group in a research report on Tuesday, March 26th.

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.