Versor Investments LP Makes New Investment in Newmark Group, Inc. (NASDAQ:NMRK)

Versor Investments LP purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 64,900 shares of the company’s stock, valued at approximately $831,000.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Newmark Group by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company’s stock worth $55,216,000 after buying an additional 190,974 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Newmark Group by 13.3% in the third quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company’s stock valued at $19,006,000 after purchasing an additional 143,251 shares in the last quarter. Algert Global LLC grew its position in shares of Newmark Group by 64.3% in the third quarter. Algert Global LLC now owns 238,138 shares of the company’s stock valued at $3,698,000 after purchasing an additional 93,160 shares during the last quarter. Barclays PLC increased its stake in shares of Newmark Group by 352.8% during the 3rd quarter. Barclays PLC now owns 227,099 shares of the company’s stock worth $3,526,000 after purchasing an additional 176,947 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Newmark Group during the 3rd quarter worth approximately $835,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Newmark Group in a research report on Friday, December 6th. They issued a “buy” rating and a $19.00 price objective on the stock. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th.

Newmark Group Price Performance

NMRK stock opened at $14.32 on Friday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 40.92 and a beta of 1.99. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week high of $16.10. The stock’s fifty day simple moving average is $13.49 and its 200-day simple moving average is $14.25.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. Equities research analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, March 3rd. Newmark Group’s dividend payout ratio is currently 34.29%.

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.