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Portolan Capital Management LLC Boosts Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Portolan Capital Management LLC Boosts Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Portolan Capital Management LLC raised its stake in Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 226.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 916,169 shares of the company’s stock after buying an additional 635,173 shares during the quarter. Portolan Capital Management LLC’s holdings in Newmark Group were worth $5,699,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NMRK. Norges Bank purchased a new position in Newmark Group in the fourth quarter valued at about $10,548,000. Vanguard Group Inc. grew its stake in Newmark Group by 5.3% in the first quarter. Vanguard Group Inc. now owns 26,213,288 shares of the company’s stock valued at $417,315,000 after purchasing an additional 1,309,242 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Newmark Group by 142.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,176,781 shares of the company’s stock valued at $34,654,000 after purchasing an additional 1,278,444 shares during the last quarter. Federated Hermes Inc. grew its stake in Newmark Group by 687.0% in the first quarter. Federated Hermes Inc. now owns 1,198,078 shares of the company’s stock valued at $8,482,000 after purchasing an additional 1,045,846 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Newmark Group by 16.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,675,895 shares of the company’s stock worth $33,104,000 after acquiring an additional 668,808 shares in the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.

Newmark Group Stock Down 0.6 %

NASDAQ NMRK traded down $0.05 during trading on Monday, hitting $8.36. The company’s stock had a trading volume of 240,787 shares, compared to its average volume of 908,852. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.52 and a quick ratio of 0.52. Newmark Group, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $9.36. The company has a market cap of $1.44 billion, a PE ratio of 93.45 and a beta of 1.89. The business’s 50 day simple moving average is $6.63 and its 200-day simple moving average is $6.66.

Newmark Group (NASDAQ:NMRK – Get Free Report) last released its earnings results on Wednesday, November 1st. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Newmark Group had a return on equity of 14.67% and a net margin of 0.66%. The firm had revenue of $616.30 million for the quarter, compared to analyst estimates of $606.27 million. During the same period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Newmark Group, Inc. will post 1.04 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, November 21st. Newmark Group’s dividend payout ratio (DPR) is 133.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NMRK shares. Keefe, Bruyette & Woods lowered their price target on Newmark Group from $7.50 to $7.00 in a report on Tuesday, October 3rd. Raymond James downgraded Newmark Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th.

View Our Latest Stock Report on Newmark Group

Newmark Group Company Profile

(Free Report)

Newmark Group, Inc provides commercial real estate services in the United States and internationally. The company’s investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services.

Further Reading

Want to see what other hedge funds are holding NMRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmark Group, Inc. (NASDAQ:NMRK – Free Report).

Institutional Ownership by Quarter for Newmark Group (NASDAQ:NMRK)



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