Yorktown Management & Research Co Inc Invests $2.51 Million in Newmark Group Inc (NASDAQ:NMRK)

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Yorktown Management & Research Co Inc purchased a new position in shares of Newmark Group Inc (NASDAQ:NMRK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 279,358 shares of the company’s stock, valued at approximately $2,509,000. Newmark Group accounts for 0.9% of Yorktown Management & Research Co Inc’s investment portfolio, making the stock its 19th biggest holding. Yorktown Management & Research Co Inc owned about 0.16% of Newmark Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Systematic Financial Management LP acquired a new position in Newmark Group during the 2nd quarter worth about $14,077,000. Swiss National Bank acquired a new position in Newmark Group during the 2nd quarter worth about $2,206,000. Bowling Portfolio Management LLC acquired a new position in Newmark Group during the 2nd quarter worth about $1,153,000. Comerica Bank acquired a new position in Newmark Group during the 2nd quarter worth about $1,074,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Newmark Group during the 2nd quarter worth about $780,000. Institutional investors and hedge funds own 55.84% of the company’s stock.

NMRK traded up $0.15 during mid-day trading on Friday, hitting $8.74. 639,500 shares of the stock were exchanged, compared to its average volume of 810,804. The firm’s fifty day moving average is $9.43 and its two-hundred day moving average is $9.00. Newmark Group Inc has a 1-year low of $7.02 and a 1-year high of $13.00. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.53 billion, a PE ratio of 5.54, a PEG ratio of 0.61 and a beta of 1.19.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $551.50 million for the quarter, compared to analyst estimates of $513.63 million. Newmark Group had a return on equity of 40.30% and a net margin of 5.69%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts anticipate that Newmark Group Inc will post 1.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Tuesday, August 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Monday, August 19th. Newmark Group’s dividend payout ratio is currently 26.32%.

Several equities analysts recently issued reports on the company. Compass Point assumed coverage on Newmark Group in a research note on Wednesday, July 10th. They set a “buy” rating and a $14.00 target price on the stock. ValuEngine raised Newmark Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised Newmark Group from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Saturday, August 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $14.00.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.

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Institutional Ownership by Quarter for Newmark Group (NASDAQ:NMRK)

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