Newmark Group, Inc. (NASDAQ:NMRK) Holdings Reduced by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC cut its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,462 shares of the company’s stock after selling 6,545 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Newmark Group were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NMRK. Assetmark Inc. bought a new position in shares of Newmark Group in the third quarter valued at approximately $93,000. Victory Capital Management Inc. boosted its holdings in shares of Newmark Group by 7.1% in the third quarter. Victory Capital Management Inc. now owns 106,138 shares of the company’s stock valued at $1,648,000 after acquiring an additional 7,005 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Newmark Group in the third quarter valued at approximately $178,000. Meeder Asset Management Inc. bought a new position in shares of Newmark Group in the third quarter valued at approximately $204,000. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Newmark Group by 1.7% in the third quarter. Segall Bryant & Hamill LLC now owns 321,104 shares of the company’s stock valued at $4,987,000 after acquiring an additional 5,501 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Trading Up 1.9 %

Shares of NASDAQ:NMRK opened at $12.63 on Tuesday. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 36.09 and a beta of 1.96. Newmark Group, Inc. has a 1-year low of $9.44 and a 1-year high of $16.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The company has a 50 day moving average price of $13.56 and a 200 day moving average price of $14.29.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million during the quarter, compared to analysts’ expectations of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, research analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.95%. Newmark Group’s dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

NMRK has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Newmark Group in a report on Friday, December 6th. They issued a “buy” rating and a $19.00 price objective for the company. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

Newmark Group 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.