Edgestream Partners L.P. Sells 9,203 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Edgestream Partners L.P. decreased its position in Newmark Group, Inc. (NASDAQ:NMRK) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 85,483 shares of the company’s stock after selling 9,203 shares during the quarter. Edgestream Partners L.P.’s holdings in Newmark Group were worth $1,095,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of Newmark Group in the 3rd quarter worth about $93,000. Highland Capital Management LLC bought a new stake in shares of Newmark Group in the 4th quarter worth about $135,000. OneDigital Investment Advisors LLC bought a new stake in shares of Newmark Group in the 3rd quarter worth about $178,000. Coldstream Capital Management Inc. bought a new stake in shares of Newmark Group in the 3rd quarter worth about $181,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Newmark Group in the 3rd quarter worth about $204,000. Institutional investors own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NMRK opened at $12.51 on Wednesday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 35.74 and a beta of 1.96. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group, Inc. has a twelve month low of $9.44 and a twelve month high of $16.10. The company has a 50 day moving average of $13.59 and a 200-day moving average of $14.32.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business had revenue of $888.30 million during the quarter, compared to the consensus estimate of $790.76 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities research analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Monday, March 3rd. Newmark Group’s payout ratio is currently 34.29%.

Wall Street Analysts Forecast Growth

NMRK has been the topic of several research reports. Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th. The Goldman Sachs Group started coverage on Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 price target for the company.

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.