Quantbot Technologies LP Purchases New Position in Newmark Group, Inc. (NASDAQ:NMRK)

Quantbot Technologies LP purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 46,382 shares of the company’s stock, valued at approximately $594,000.

A number of other large investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its position 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 acquiring an additional 2,602 shares during the last quarter. Highland Capital Management LLC purchased a new stake in Newmark Group during the fourth quarter valued at $135,000. Cibc World Markets Corp bought a new position in Newmark Group during the fourth quarter valued at $158,000. Coldstream Capital Management Inc. purchased a new position in shares of Newmark Group in the 3rd quarter worth $181,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Newmark Group by 32.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock worth $211,000 after buying an additional 4,019 shares during the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Down 1.1 %

Shares of NMRK opened at $12.48 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $13.58 and a 200 day moving average of $14.21. The company has a market cap of $2.25 billion, a PE ratio of 35.66 and a beta of 1.96. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week high of $16.10.

Newmark Group (NASDAQ:NMRK) last released its 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. The firm had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. On average, sell-side analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.03 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. Newmark Group’s dividend payout ratio is 34.29%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered their price target on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a report on Wednesday, March 19th.

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.