Prescott Group Capital Management L.L.C. Sells 173,991 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Prescott Group Capital Management L.L.C. reduced its position in Newmark Group, Inc. (NASDAQ:NMRK – Get Rating) by 90.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,860 shares of the company’s stock after selling 173,991 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Newmark Group were worth $150,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ronald Blue Trust Inc. boosted its stake in shares of Newmark Group by 217.9% in the 4th quarter. Ronald Blue Trust Inc. now owns 4,415 shares of the company’s stock valued at $36,000 after purchasing an additional 3,026 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Newmark Group by 44.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock valued at $37,000 after purchasing an additional 1,176 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Newmark Group in the 3rd quarter valued at $84,000. Alterna Wealth Management Inc. bought a new stake in shares of Newmark Group in the 3rd quarter valued at $84,000. Finally, Royce & Associates LP bought a new stake in shares of Newmark Group in the 3rd quarter valued at $86,000. 55.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NMRK has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on shares of Newmark Group from $9.00 to $6.25 and set a “sell” rating on the stock in a research note on Monday, April 10th. Piper Sandler cut their target price on shares of Newmark Group from $9.00 to $6.50 in a research note on Monday, May 8th.

Newmark Group Stock Performance

NASDAQ NMRK traded up $0.10 during trading hours on Friday, reaching $5.79. 221,531 shares of the company were exchanged, compared to its average volume of 916,159. Newmark Group, Inc. has a 1 year low of $5.07 and a 1 year high of $11.93. The business’s 50 day simple moving average is $6.30 and its 200-day simple moving average is $7.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.01 billion, a P/E ratio of 14.23 and a beta of 1.70.

Newmark Group (NASDAQ:NMRK – Get Rating) last posted its earnings results on Friday, May 5th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Newmark Group had a return on equity of 19.56% and a net margin of 2.96%. The business had revenue of $520.80 million during the quarter, compared to analysts’ expectations of $514.07 million. During the same quarter in the previous year, the business earned $0.36 EPS. Newmark Group’s revenue for the quarter was down 23.2% on a year-over-year basis. On average, equities research analysts expect that Newmark Group, Inc. will post 1.1 earnings per share for the current year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 19th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.07%. Newmark Group’s dividend payout ratio (DPR) is currently 30.00%.

About Newmark Group

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Newmark Group Inc engages in the provision of commercial real estate services. It offers its services to commercial real estate tenants, investors, owners, occupiers, developers, leasing and corporate advisory, investment sales and real estate finance, consulting, origination and servicing of commercial mortgage loans, valuation, project and development management and property and facility management.