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

Leeward Investments LLC MA lowered its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 6.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,768,916 shares of the company’s stock after selling 131,777 shares during the period. Newmark Group makes up approximately 1.1% of Leeward Investments LLC MA’s investment portfolio, making the stock its 21st largest position. Leeward Investments LLC MA owned 1.03% of Newmark Group worth $22,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of Newmark Group by 0.5% during the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock worth $3,036,000 after purchasing an additional 1,201 shares during the period. Oliver Luxxe Assets LLC boosted its position in 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 buying an additional 3,353 shares during the period. Asset Management One Co. Ltd. boosted its position in 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 buying an additional 4,019 shares during the period. Handelsbanken Fonder AB boosted its position in 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 buying an additional 4,100 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in 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 buying an additional 4,834 shares during the period. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NMRK opened at $14.16 on Friday. Newmark Group, Inc. has a twelve month low of $9.44 and a twelve month high of $16.10. The firm’s fifty day simple moving average is $13.45 and its 200-day simple moving average is $14.21. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 40.46 and a beta of 1.99. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The business had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. During the same period last year, the business earned $0.46 EPS. The company’s revenue was up 18.9% on a year-over-year basis. Equities analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.03 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.85%. Newmark Group’s payout ratio is 34.29%.

Analyst Ratings Changes

Several equities analysts have commented on NMRK shares. The Goldman Sachs Group started coverage on shares of Newmark Group in a research report on Friday, December 6th. They issued a “buy” rating and a $19.00 price target for the company. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th.

Newmark Group 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.