Newmark Group, Inc. (NASDAQ:NMRK) Stock Holdings Increased by Quest Partners LLC

Quest Partners LLC grew its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,706 shares of the company’s stock after buying an additional 14,415 shares during the period. Quest Partners LLC’s holdings in Newmark Group were worth $508,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Riverview Trust Co bought a new position in Newmark Group during the first quarter worth $29,000. Fifth Third Bancorp acquired a new stake in shares of Newmark Group during the second quarter worth $33,000. EntryPoint Capital LLC lifted its position in shares of Newmark Group by 35.5% in the 1st quarter. EntryPoint Capital LLC now owns 4,422 shares of the company’s stock worth $49,000 after buying an additional 1,159 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Newmark Group in the 4th quarter valued at about $119,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Newmark Group during the 1st quarter valued at about $135,000. Institutional investors own 58.42% of the company’s stock.

Analyst Upgrades and Downgrades

NMRK has been the topic of a number of recent research reports. Wolfe Research raised shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Friday, August 16th. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $13.50 to $16.50 in a report on Thursday, September 5th. Finally, Piper Sandler boosted their price objective on Newmark Group from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd.

Newmark Group Trading Up 1.3 %

Newmark Group stock opened at $14.76 on Friday. Newmark Group, Inc. has a 52-week low of $5.09 and a 52-week high of $14.81. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 67.09 and a beta of 2.01. The firm has a 50-day moving average price of $12.61 and a two-hundred day moving average price of $11.13.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. The business had revenue of $633.40 million during the quarter, compared to the consensus estimate of $630.27 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that Newmark Group, Inc. will post 1.15 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, August 16th. Newmark Group’s dividend payout ratio (DPR) is 54.55%.

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.