2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP raised its holdings in Newmark Group, Inc. ( NASDAQ:NMRK – Free Report ) by 7.7% during the 2nd quarter, HoldingsChannel.
com reports. The fund owned 6,686,191 shares of the company’s stock after buying an additional 480,047 shares during the period. Dimensional Fund Advisors LP’s holdings in Newmark Group were worth $68,399,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the business. Paulson & CO. Inc.
grew its position in shares of Newmark Group by 133.5% during the 4th 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. Vanguard Group Inc.
grew its position in shares of Newmark Group by 3.6% during the 1st quarter. Vanguard Group Inc.
now owns 20,474,932 shares of the company’s stock worth $227,067,000 after buying an additional 702,233 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Newmark Group by 1,595.
1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 713,621 shares of the company’s stock worth $7,914,000 after buying an additional 671,521 shares in the last quarter.
Assenagon Asset Management S.A. grew its position in shares of Newmark Group by 251.
0% during the 2nd quarter. Assenagon Asset Management S.A.
now owns 708,300 shares of the company’s stock worth $7,246,000 after buying an additional 506,510 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Newmark Group during the 4th quarter worth $4,518,000. Institutional investors own 58.
42% of the company’s stock. Newmark Group Trading Down 2.1 % Shares of NASDAQ NMRK opened at $15.
56 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.
49 and a quick ratio of 0.49. The stock has a market capitalization of $2.
68 billion, a P/E ratio of 70.73 and a beta of 2.01.
Newmark Group, Inc. has a 1-year low of $5.09 and a 1-year high of $16.
10. The business has a fifty day moving average price of $13.45 and a 200 day moving average price of $11.
45. Newmark Group Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were paid a $0.
03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.
77%. The ex-dividend date of this dividend was Friday, August 16th. Newmark Group’s dividend payout ratio (DPR) is presently 54.
55%. Analyst Upgrades and Downgrades A number of research firms have recently issued reports on NMRK. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $13.
50 to $16.50 in a research report on Thursday, September 5th. Piper Sandler increased their price target on Newmark Group from $13.
00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Finally, Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.
00 price target on the stock in a research report on Friday, August 16th. View Our Latest Stock Analysis on NMRK Newmark Group Company Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding NMRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmark Group, Inc. ( NASDAQ:NMRK – Free Report ).
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