Nicholas Investment Partners LP Invests $1.22 Million in Newmark Group, Inc. $NMRK

Nicholas Investment Partners LP acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 70,232 shares of the company’s stock, valued at approximately $1,218,000.

Several other large investors have also recently modified their holdings of NMRK. Advisory Services Network LLC purchased a new position in shares of Newmark Group in the third quarter worth about $29,000. Larson Financial Group LLC increased its holdings in shares of Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after buying an additional 915 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Newmark Group by 42.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock worth $46,000 after buying an additional 797 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Newmark Group by 4,587.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock worth $82,000 after buying an additional 4,587 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in shares of Newmark Group in the fourth quarter worth about $86,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Up 2.5%

Shares of NASDAQ:NMRK opened at $15.18 on Friday. Newmark Group, Inc. has a 1 year low of $11.02 and a 1 year high of $19.83. The company has a market cap of $2.69 billion, a PE ratio of 18.74 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. The stock’s 50-day moving average is $15.28 and its 200 day moving average is $15.92.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. Newmark Group had a return on equity of 26.23% and a net margin of 4.30%.The company had revenue of $846.52 million for the quarter. Sell-side analysts anticipate that Newmark Group, Inc. will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s payout ratio is presently 29.63%.

Analysts Set New Price Targets

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

About Newmark Group

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.