Nicholas Investment Partners LP Acquires New Stake in Newmark Group, Inc. $NMRK

Nicholas Investment Partners LP acquired a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 70,232 shares of the company’s stock, valued at approximately $1,218,000.

Several other large investors also recently added to or reduced their stakes in the business. Focus Partners Wealth boosted its stake in Newmark Group by 4.6% during the third quarter. Focus Partners Wealth now owns 14,176 shares of the company’s stock valued at $264,000 after buying an additional 619 shares during the period. Assetmark Inc. boosted its stake in Newmark Group by 10.6% during the fourth quarter. Assetmark Inc. now owns 8,018 shares of the company’s stock valued at $139,000 after buying an additional 769 shares during the period. Farther Finance Advisors LLC boosted its stake in Newmark Group by 42.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after buying an additional 797 shares during the period. Larson Financial Group LLC boosted its stake in Newmark Group by 98.9% during the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after buying an additional 915 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in Newmark Group by 4.9% during the fourth quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock valued at $359,000 after buying an additional 973 shares during the period. Institutional investors own 58.42% of the company’s stock.

Analysts Set New Price Targets

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

Newmark Group Trading Up 2.5%

NASDAQ NMRK opened at $15.18 on Friday. The stock’s 50-day simple moving average is $15.28 and its two-hundred day simple moving average is $15.92. Newmark Group, Inc. has a twelve month low of $11.02 and a twelve month high of $19.83. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 18.74 and a beta of 1.69.

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

Newmark Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, May 14th. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. Newmark Group’s dividend payout ratio (DPR) is 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.