Ashton Thomas Securities LLC Buys New Stake in Newmark Group, Inc. (NASDAQ:NMRK)

Ashton Thomas Securities LLC purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 85,324 shares of the company’s stock, valued at approximately $1,093,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after acquiring an additional 2,602 shares in the last quarter. Highland Capital Management LLC purchased a new position in Newmark Group during the fourth quarter worth approximately $135,000. Coldstream Capital Management Inc. acquired a new stake in Newmark Group in the third quarter valued at approximately $181,000. Cibc World Markets Corp purchased a new stake in shares of Newmark Group in the fourth quarter valued at approximately $158,000. Finally, LPL Financial LLC acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $184,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NMRK. The Goldman Sachs Group dropped their price target on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th.

Newmark Group Stock Up 3.5 %

NASDAQ NMRK opened at $12.86 on Tuesday. The business has a fifty day moving average price of $13.59 and a 200 day moving average price of $14.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $2.32 billion, a P/E ratio of 36.74 and a beta of 1.96. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10.

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

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.93%. Newmark Group’s dividend payout ratio (DPR) is presently 34.29%.

Newmark Group Company 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.