10,301 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Purchased by Optimize Financial Inc

Optimize Financial Inc acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,301 shares of the company’s stock, valued at approximately $132,000.

Several other large investors have also modified their holdings of NMRK. Sterling Capital Management LLC lifted its stake in shares of Newmark Group by 813.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,149 shares of the company’s stock worth $53,000 after acquiring an additional 3,695 shares during the last quarter. KDK Private Wealth Management LLC bought a new stake in shares of Newmark Group during the fourth quarter worth $769,000. Raymond James Financial Inc. purchased a new stake in shares of Newmark Group during the fourth quarter valued at $4,785,000. Federated Hermes Inc. grew its holdings in shares of Newmark Group by 22.3% in the fourth quarter. Federated Hermes Inc. now owns 586,430 shares of the company’s stock worth $7,512,000 after purchasing an additional 106,766 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Newmark Group in the 4th quarter worth about $224,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their price objective on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th.

Newmark Group Price Performance

Shares of NMRK stock opened at $10.31 on Monday. Newmark Group, Inc. has a twelve month low of $9.44 and a twelve month high of $16.10. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $12.88 and a two-hundred day simple moving average of $13.84. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 29.46 and a beta of 1.69.

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

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.03 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.16%. Newmark Group’s dividend payout ratio is presently 34.29%.

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.