World Investment Advisors LLC Acquires Shares of 20,386 Newmark Group, Inc. (NASDAQ:NMRK)

World Investment Advisors LLC bought a new position in Newmark Group, Inc. (NASDAQ:NMRK) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,386 shares of the company’s stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in Newmark Group in the 2nd quarter worth approximately $33,000. Assetmark Inc. bought a new stake in shares of Newmark Group in the 3rd quarter worth $93,000. Black Diamond Financial LLC purchased a new position in shares of Newmark Group in the second quarter worth $102,000. Evergreen Capital Management LLC purchased a new position in shares of Newmark Group in the second quarter worth $107,000. Finally, SG Americas Securities LLC bought a new position in shares of Newmark Group during the third quarter valued at $112,000. Institutional investors own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NMRK. Piper Sandler lifted their price objective on Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods upgraded shares of Newmark Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $13.50 to $16.50 in a research note on Thursday, September 5th. Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Newmark Group in a report on Friday, December 6th. They issued a “buy” rating and a $19.00 target price on the stock.

Newmark Group Trading Down 6.5 %

Shares of NASDAQ:NMRK opened at $13.20 on Thursday. The stock’s 50-day simple moving average is $15.03 and its two-hundred day simple moving average is $13.38. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 44.00 and a beta of 1.96. Newmark Group, Inc. has a 52-week low of $9.22 and a 52-week high of $16.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The company had revenue of $685.90 million for the quarter, compared to the consensus estimate of $682.07 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.91%. Newmark Group’s dividend payout ratio (DPR) is 40.00%.

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.