Newmark Group, Inc. $NMRK Shares Acquired by FJ Capital Management LLC

FJ Capital Management LLC lifted its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 402.5% during the fourth quarter, Holdings Channel reports. The fund owned 418,973 shares of the company’s stock after purchasing an additional 335,594 shares during the quarter. Newmark Group comprises 0.8% of FJ Capital Management LLC’s portfolio, making the stock its 29th biggest holding. FJ Capital Management LLC’s holdings in Newmark Group were worth $7,265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Focus Partners Wealth boosted its stake in Newmark Group by 4.6% in the 3rd quarter. Focus Partners Wealth now owns 14,176 shares of the company’s stock worth $264,000 after buying an additional 619 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Newmark Group by 10.6% during the 4th quarter. Assetmark Inc. now owns 8,018 shares of the company’s stock valued at $139,000 after buying an additional 769 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Newmark Group by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after buying an additional 797 shares during the period. Larson Financial Group LLC grew its stake in Newmark Group by 98.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after purchasing an additional 915 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Newmark Group by 4.9% during the 4th quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock valued at $359,000 after purchasing an additional 973 shares in the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Trading Up 2.5%

NMRK stock opened at $15.18 on Friday. The business has a fifty day moving average price of $15.28 and a 200 day moving average price of $15.92. Newmark Group, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $19.83. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 18.74 and a beta of 1.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Friday, May 8th. The company reported $0.08 EPS for the quarter. Newmark Group had a return on equity of 26.23% and a net margin of 4.30%.The company had revenue of $846.52 million during the quarter. Analysts expect that Newmark Group, Inc. will post 1.91 EPS for the current fiscal year.

Newmark Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.06 per share. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Newmark Group’s dividend payout ratio is presently 29.63%.

Analyst Ratings Changes

Several brokerages have recently commented on NMRK. Keefe, Bruyette & Woods lifted their target price on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Barclays lowered their price target on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Citizens Jmp boosted their price objective on Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Finally, Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.63.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.