Newmark Group, Inc. (NASDAQ:NMRK) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in Newmark Group, Inc. (NASDAQ:NMRK) by 1,595.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 713,621 shares of the company’s stock after acquiring an additional 671,521 shares during the period. Jacobs Levy Equity Management Inc. owned 0.41% of Newmark Group worth $7,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Newmark Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock worth $227,067,000 after acquiring an additional 702,233 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Newmark Group by 10.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,220,485 shares of the company’s stock worth $68,178,000 after buying an additional 570,935 shares in the last quarter. Paulson & CO. Inc. lifted its position in Newmark Group by 133.5% during the fourth quarter. Paulson & CO. Inc. now owns 3,000,000 shares of the company’s stock worth $32,880,000 after buying an additional 1,715,375 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Newmark Group by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,969,167 shares of the company’s stock worth $21,582,000 after buying an additional 81,209 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in Newmark Group by 4.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,311,813 shares of the company’s stock worth $14,377,000 after buying an additional 54,909 shares in the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Trading Down 0.1 %

Newmark Group stock traded down $0.01 during trading on Tuesday, reaching $12.71. 1,284,374 shares of the company were exchanged, compared to its average volume of 1,035,936. Newmark Group, Inc. has a 52-week low of $5.09 and a 52-week high of $12.98. The company has a market capitalization of $2.19 billion, a P/E ratio of 57.82 and a beta of 2.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50 day simple moving average is $10.62 and its two-hundred day simple moving average is $10.47.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Friday, May 3rd. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Newmark Group had a net margin of 1.47% and a return on equity of 17.03%. The business had revenue of $546.50 million during the quarter, compared to analysts’ expectations of $526.07 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Newmark Group’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Newmark Group, Inc. will post 1.13 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.94%. Newmark Group’s dividend payout ratio is currently 54.55%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective on Newmark Group from $11.25 to $13.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

Newmark Group Company 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.