15,685 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in Newmark Group, Inc. (NASDAQ:NMRK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,685 shares of the company’s stock, valued at approximately $172,000.

A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Newmark Group by 10.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,220,485 shares of the company’s stock worth $68,178,000 after buying an additional 570,935 shares in the last quarter. Paulson & CO. Inc. increased its stake in Newmark Group by 133.5% in the 4th quarter. Paulson & CO. Inc. now owns 3,000,000 shares of the company’s stock worth $32,880,000 after buying an additional 1,715,375 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Newmark Group by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,969,167 shares of the company’s stock worth $21,582,000 after buying an additional 81,209 shares in the last quarter. American Century Companies Inc. increased its stake in Newmark Group by 410.2% in the 3rd quarter. American Century Companies Inc. now owns 1,672,287 shares of the company’s stock worth $10,753,000 after buying an additional 1,344,514 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Newmark Group by 4.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,311,813 shares of the company’s stock worth $14,377,000 after buying an additional 54,909 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Trading Up 1.7 %

Shares of Newmark Group stock opened at $10.03 on Friday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 45.59 and a beta of 2.03. The business has a 50-day moving average price of $10.12 and a 200-day moving average price of $10.31. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. Newmark Group, Inc. has a twelve month low of $5.09 and a twelve month high of $11.51.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Newmark Group had a net margin of 1.47% and a return on equity of 17.03%. The firm had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $526.07 million. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Newmark Group, Inc. will post 1.12 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, May 16th. Newmark Group’s payout ratio is 54.55%.

Analysts Set New Price Targets

Separately, Piper Sandler restated an “overweight” rating and set a $13.00 price objective on shares of Newmark Group in a research report on Tuesday, March 26th.

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.