Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its position in Newmark Group, Inc. (NASDAQ:NMRK) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,885,581 shares of the company’s stock after selling 15,211 shares during the period. Newmark Group comprises about 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 25th biggest holding. Leeward Investments LLC MA owned about 1.09% of Newmark Group worth $20,666,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC raised its position in Newmark Group by 11.8% during the third quarter. Evergreen Capital Management LLC now owns 13,739 shares of the company’s stock worth $88,000 after acquiring an additional 1,455 shares during the period. Prime Capital Investment Advisors LLC raised its position in Newmark Group by 10.9% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,789 shares of the company’s stock worth $184,000 after acquiring an additional 1,647 shares during the period. Allspring Global Investments Holdings LLC raised its position in Newmark Group by 6.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 33,331 shares of the company’s stock worth $365,000 after acquiring an additional 2,065 shares during the period. Swiss National Bank raised its position in Newmark Group by 1.5% during the third quarter. Swiss National Bank now owns 320,007 shares of the company’s stock worth $2,058,000 after acquiring an additional 4,700 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Newmark Group by 31.5% during the third quarter. PNC Financial Services Group Inc. now owns 22,769 shares of the company’s stock worth $146,000 after acquiring an additional 5,456 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Price Performance

Newmark Group stock opened at $9.76 on Friday. Newmark Group, Inc. has a 52-week low of $5.07 and a 52-week high of $11.51. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 39.04 and a beta of 1.97. The company has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $9.33. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.35.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. The business had revenue of $747.70 million during the quarter, compared to analyst estimates of $743.53 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. On average, equities analysts anticipate that Newmark Group, Inc. will post 1.12 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, March 7th. Newmark Group’s payout ratio is 48.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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. Keefe, Bruyette & Woods upped their target price on shares of Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a report on Monday, February 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.