23,825 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Purchased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC bought a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,825 shares of the company’s stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also modified their holdings of NMRK. Vanguard Group Inc. boosted its holdings in shares of Newmark Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock worth $227,067,000 after buying an additional 702,233 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Newmark Group by 1,595.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 713,621 shares of the company’s stock worth $7,914,000 after buying an additional 671,521 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Newmark Group by 251.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 708,300 shares of the company’s stock worth $7,246,000 after buying an additional 506,510 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Newmark Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock worth $68,399,000 after buying an additional 480,047 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Newmark Group in the 4th quarter valued at about $4,518,000. Institutional investors own 58.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on NMRK shares. Wolfe Research raised shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Friday, August 16th. Keefe, Bruyette & Woods raised shares of Newmark Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $13.50 to $16.50 in a report on Thursday, September 5th. Finally, Piper Sandler boosted their price objective on shares of Newmark Group from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $14.85 on Friday. The firm has a 50 day moving average of $14.35 and a 200-day moving average of $11.91. The stock has a market capitalization of $2.56 billion, a PE ratio of 67.50 and a beta of 2.01. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Newmark Group, Inc. has a 12 month low of $5.09 and a 12 month high of $16.10.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Friday, August 2nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $633.40 million during the quarter, compared to analysts’ expectations of $630.27 million. Newmark Group had a net margin of 1.75% and a return on equity of 17.78%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. On average, equities research analysts predict that Newmark Group, Inc. will post 1.15 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, August 16th. Newmark Group’s dividend payout ratio is 54.55%.

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.