Globeflex Capital L P Makes New $2.37 Million Investment in Newmark Group, Inc. $NMRK

Globeflex Capital L P bought a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 136,441 shares of the company’s stock, valued at approximately $2,366,000. Globeflex Capital L P owned 0.08% of Newmark Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. State of Wyoming bought a new position in shares of Newmark Group in the 4th quarter worth about $328,000. BNP Paribas Financial Markets lifted its position in shares of Newmark Group by 52.7% in the 4th quarter. BNP Paribas Financial Markets now owns 410,944 shares of the company’s stock worth $7,126,000 after buying an additional 141,835 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Newmark Group by 14.5% in the 4th quarter. Intech Investment Management LLC now owns 87,606 shares of the company’s stock worth $1,519,000 after buying an additional 11,068 shares during the last quarter. AlphaQuest LLC lifted its position in shares of Newmark Group by 45.4% in the 4th quarter. AlphaQuest LLC now owns 71,998 shares of the company’s stock worth $1,248,000 after buying an additional 22,469 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of Newmark Group by 4.9% in the 4th quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock worth $359,000 after buying an additional 973 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Newmark Group Stock Performance

Shares of NASDAQ NMRK opened at $14.52 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $15.27 and a 200-day simple moving average of $15.96. The company has a market cap of $2.58 billion, a PE ratio of 17.93 and a beta of 1.69. Newmark Group, Inc. has a 12-month low of $11.02 and a 12-month high of $19.83.

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

Newmark Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s dividend payout ratio (DPR) is currently 29.63%.

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.