Tranquility Partners LLC Sells 17,396 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Tranquility Partners LLC reduced its position in Newmark Group, Inc. (NASDAQ:NMRK) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,522 shares of the company’s stock after selling 17,396 shares during the quarter. Tranquility Partners LLC owned approximately 0.08% of Newmark Group worth $1,496,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NMRK. Tower Research Capital LLC TRC boosted its stake in Newmark Group by 65.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock worth $33,000 after acquiring an additional 2,040 shares in the last quarter. Captrust Financial Advisors increased its holdings in Newmark Group by 44.0% during the second quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock worth $37,000 after buying an additional 1,176 shares during the last quarter. Bessemer Group Inc. increased its holdings in Newmark Group by 6,298.8% during the fourth quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock worth $41,000 after buying an additional 5,102 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Newmark Group during the third quarter worth about $44,000. Finally, Lazard Asset Management LLC boosted its position in Newmark Group by 117.8% during the third quarter. Lazard Asset Management LLC now owns 7,161 shares of the company’s stock worth $46,000 after purchasing an additional 3,873 shares during the period. 58.42% of the stock is owned by institutional investors.

Newmark Group Trading Down 0.8 %

Shares of NASDAQ NMRK traded down $0.08 during mid-day trading on Wednesday, hitting $9.51. The stock had a trading volume of 656,766 shares, compared to its average volume of 1,054,066. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.59. Newmark Group, Inc. has a 1 year low of $5.07 and a 1 year high of $11.51. The business has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $9.17. The firm has a market cap of $1.64 billion, a P/E ratio of 38.04 and a beta of 1.97.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $743.53 million. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. During the same period in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts anticipate that Newmark Group, Inc. will post 1.12 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, March 7th. Newmark Group’s payout ratio is 48.00%.

Analysts Set New Price Targets

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

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.