12,957 Shares in Newmark Group, Inc. $NMRK Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,957 shares of the company’s stock, valued at approximately $157,000.

A number of other large investors have also recently modified their holdings of NMRK. Greenland Capital Management LP bought a new position in shares of Newmark Group in the 2nd quarter valued at $1,653,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Newmark Group by 9.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,720 shares of the company’s stock valued at $288,000 after acquiring an additional 2,025 shares during the last quarter. Cetera Investment Advisers raised its stake in Newmark Group by 20.6% during the second quarter. Cetera Investment Advisers now owns 73,206 shares of the company’s stock worth $889,000 after acquiring an additional 12,493 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Newmark Group by 8.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 29,953 shares of the company’s stock worth $364,000 after acquiring an additional 2,355 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Newmark Group by 5.9% in the second quarter. Geode Capital Management LLC now owns 3,823,432 shares of the company’s stock worth $46,460,000 after acquiring an additional 213,941 shares during the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $17.42 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39. Newmark Group, Inc. has a 52 week low of $9.65 and a 52 week high of $19.83. The firm has a market cap of $3.14 billion, a PE ratio of 30.56 and a beta of 2.13. The firm’s fifty day moving average is $17.85 and its 200-day moving average is $15.39.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $863.46 million during the quarter, compared to analyst estimates of $767.12 million. Newmark Group had a return on equity of 23.69% and a net margin of 3.26%.Newmark Group’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. Sell-side analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be issued a $0.03 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.12 annualized dividend and a yield of 0.7%. Newmark Group’s dividend payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

NMRK has been the subject of a number of research analyst reports. JMP Securities upped their price objective on shares of Newmark Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. Zacks Research lowered Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.83.

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.