Fox Run Management L.L.C. Takes Position in Newmark Group, Inc. (NASDAQ:NMRK)

Fox Run Management L.L.C. bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 62,216 shares of the company’s stock, valued at approximately $797,000.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock valued at $110,000 after buying an additional 2,602 shares in the last quarter. Highland Capital Management LLC bought a new stake in shares of Newmark Group during the 4th quarter valued at $135,000. Cibc World Markets Corp bought a new stake in shares of Newmark Group during the 4th quarter valued at $158,000. OneDigital Investment Advisors LLC bought a new stake in shares of Newmark Group during the 3rd quarter valued at $178,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Newmark Group during the 3rd quarter valued at $181,000. Institutional investors own 58.42% of the company’s stock.

Newmark Group Price Performance

NMRK opened at $12.43 on Monday. The stock has a 50-day moving average price of $13.57 and a 200-day moving average price of $14.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $2.24 billion, a PE ratio of 35.52 and a beta of 1.96. Newmark Group, Inc. has a 1 year low of $9.44 and a 1 year high of $16.10.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the firm earned $0.46 EPS. Newmark Group’s quarterly revenue was up 18.9% compared to the same quarter last year. Sell-side analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group’s dividend payout ratio (DPR) is 34.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NMRK. The Goldman Sachs Group dropped their target price on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Wolfe Research lowered 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.