Dimensional Fund Advisors LP Purchases 570,935 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Dimensional Fund Advisors LP grew its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,220,485 shares of the company’s stock after purchasing an additional 570,935 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.60% of Newmark Group worth $68,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NMRK. QRG Capital Management Inc. grew its position in Newmark Group by 15.8% during the fourth quarter. QRG Capital Management Inc. now owns 16,367 shares of the company’s stock valued at $179,000 after buying an additional 2,228 shares during the period. Jump Financial LLC boosted its stake in shares of Newmark Group by 573.7% during the 4th quarter. Jump Financial LLC now owns 99,100 shares of the company’s stock worth $1,086,000 after acquiring an additional 84,391 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Newmark Group by 168.5% during the 4th quarter. BNP Paribas Financial Markets now owns 136,034 shares of the company’s stock valued at $1,491,000 after acquiring an additional 85,362 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Newmark Group by 221.3% in the 4th quarter. Teacher Retirement System of Texas now owns 36,038 shares of the company’s stock worth $395,000 after purchasing an additional 24,821 shares in the last quarter. Finally, Access Investment Management LLC bought a new position in Newmark Group in the 4th quarter worth $631,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NMRK. Piper Sandler restated an “overweight” rating and issued a $13.00 price target on shares of Newmark Group in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods raised their target price on shares of Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a research note on Monday, February 26th.

Newmark Group Price Performance

Shares of Newmark Group stock opened at $10.41 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. Newmark Group, Inc. has a 52 week low of $5.09 and a 52 week high of $11.51. The stock’s 50-day simple moving average is $10.38 and its 200-day simple moving average is $9.95. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 47.32 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $546.50 million during the quarter, compared to the consensus estimate of $526.07 million. Newmark Group had a return on equity of 17.03% and a net margin of 1.47%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, analysts expect that Newmark Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.03 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. Newmark Group’s dividend payout ratio is currently 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.