Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. decreased its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 23.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,426 shares of the company’s stock after selling 8,863 shares during the quarter. Newmark Group comprises 1.6% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 21st largest holding. Mesirow Financial Investment Management Inc.’s holdings in Newmark Group were worth $326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in Newmark Group in the 1st quarter valued at $29,000. AXQ Capital LP purchased a new stake in Newmark Group in the 3rd quarter valued at $76,000. Evergreen Capital Management LLC raised its position in Newmark Group by 11.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 13,739 shares of the company’s stock valued at $88,000 after purchasing an additional 1,455 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Newmark Group in the 4th quarter valued at $119,000. Finally, New York State Teachers Retirement System purchased a new stake in Newmark Group in the 4th quarter valued at $135,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Performance

Newmark Group stock traded up $0.21 during trading hours on Wednesday, reaching $10.23. 283,316 shares of the stock were exchanged, compared to its average volume of 1,019,533. The stock has a market cap of $1.76 billion, a P/E ratio of 46.50 and a beta of 2.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. Newmark Group, Inc. has a 52-week low of $5.09 and a 52-week high of $11.51. The firm’s 50 day moving average is $10.14 and its 200 day moving average is $10.34.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $526.07 million. Newmark Group had a return on equity of 17.03% and a net margin of 1.47%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Analysts predict that Newmark Group, Inc. will post 1.12 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.03 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.17%. Newmark Group’s dividend payout ratio is presently 54.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reiterated an “overweight” rating and issued a $13.00 price target on shares of Newmark Group in a research report on Tuesday, March 26th.

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.