Coldstream Capital Management Inc. Invests $181,000 in Newmark Group, Inc. (NASDAQ:NMRK)

Coldstream Capital Management Inc. acquired a new stake in Newmark Group, Inc. (NASDAQ:NMRK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,676 shares of the company’s stock, valued at approximately $181,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of Newmark Group by 1,017.4% in the third quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company’s stock valued at $33,197,000 after buying an additional 1,946,322 shares in the last quarter. Vision Capital Corp acquired a new stake in Newmark Group in the 3rd quarter valued at about $17,203,000. Systematic Financial Management LP raised its position in Newmark Group by 53.1% during the third quarter. Systematic Financial Management LP now owns 1,421,985 shares of the company’s stock worth $22,083,000 after acquiring an additional 493,050 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Newmark Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock valued at $68,399,000 after purchasing an additional 480,047 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Newmark Group by 153.6% in the second quarter. Cubist Systematic Strategies LLC now owns 599,351 shares of the company’s stock valued at $6,131,000 after purchasing an additional 363,032 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NMRK. Piper Sandler lifted their price objective on Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Newmark Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $13.50 to $16.50 in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group began coverage on shares of Newmark Group in a research note on Friday, December 6th. They set a “buy” rating and a $19.00 price target on the stock.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $14.12 on Wednesday. The business has a fifty day simple moving average of $15.06 and a 200-day simple moving average of $13.38. Newmark Group, Inc. has a 52 week low of $9.22 and a 52 week high of $16.10. The company has a market cap of $2.42 billion, a P/E ratio of 47.07 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 (NASDAQ:NMRK) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The company had revenue of $685.90 million during the quarter, compared to analysts’ expectations of $682.07 million. During the same quarter in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.85%. Newmark Group’s dividend payout ratio (DPR) is presently 40.00%.

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.