53,954 Shares in Newmark Group Inc (NASDAQ:NMRK) Purchased by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC acquired a new position in shares of Newmark Group Inc (NASDAQ:NMRK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 53,954 shares of the company’s stock, valued at approximately $485,000.

Several analysts recently weighed in on the company. Compass Point assumed coverage on Newmark Group in a report on Wednesday, July 10th. They set a “buy” rating and a $14.00 price target for the company. Zacks Investment Research cut Newmark Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, ValuEngine raised Newmark Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Newmark Group presently has a consensus rating of “Buy” and a consensus price target of $13.75.

NASDAQ:NMRK traded up $0.03 during mid-day trading on Wednesday, hitting $8.82. 171,960 shares of the stock were exchanged, compared to its average volume of 707,369. The stock has a market cap of $1.56 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.69 and a beta of 1.19. The stock’s 50-day moving average price is $9.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.43 and a quick ratio of 0.43. Newmark Group Inc has a fifty-two week low of $7.02 and a fifty-two week high of $13.88.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $551.50 million during the quarter, compared to analysts’ expectations of $513.63 million. Newmark Group had a return on equity of 40.24% and a net margin of 5.69%. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, equities analysts anticipate that Newmark Group Inc will post 1.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 4.54%. Newmark Group’s payout ratio is currently 26.32%.

In other news, CEO Barry M. Gosin purchased 561,084 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $7.71 per share, with a total value of $4,325,957.64. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 90.95% of the company’s stock.

Newmark Group Profile

Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.

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Institutional Ownership by Quarter for Newmark Group (NASDAQ:NMRK)

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