Globeflex Capital L P Invests $2.37 Million in Newmark Group, Inc. $NMRK

Globeflex Capital L P purchased a new position in Newmark Group, Inc. (NASDAQ:NMRK) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 136,441 shares of the company’s stock, valued at approximately $2,366,000.

A number of other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its position in shares of Newmark Group by 319.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock valued at $27,819,000 after purchasing an additional 1,222,069 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Newmark Group during the 2nd quarter valued at about $14,580,000. Ameriprise Financial Inc. boosted its position in shares of Newmark Group by 88.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock valued at $30,622,000 after purchasing an additional 1,186,191 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Newmark Group by 194.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock valued at $29,383,000 after purchasing an additional 1,039,798 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Newmark Group by 84.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,336,702 shares of the company’s stock valued at $16,241,000 after purchasing an additional 612,363 shares in the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NMRK shares. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Keefe, Bruyette & Woods raised their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Citizens Jmp raised their price objective on shares of Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Finally, Barclays reduced their price objective on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.63.

Newmark Group Stock Performance

Newmark Group stock opened at $14.52 on Friday. The firm’s 50 day simple moving average is $15.27 and its 200-day simple moving average is $15.96. The company has a market cap of $2.58 billion, a P/E ratio of 17.93 and a beta of 1.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48. Newmark Group, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $19.83.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $846.52 million for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. As a group, equities research analysts predict that Newmark Group, Inc. will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. This is an increase from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 14th. Newmark Group’s payout ratio is 29.63%.

Newmark Group Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.