Segall Bryant & Hamill LLC Has $3.80 Million Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Segall Bryant & Hamill LLC lessened its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 296,370 shares of the company’s stock after selling 24,734 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.17% of Newmark Group worth $3,796,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. lifted its position in Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock valued at $110,000 after purchasing an additional 2,602 shares during the period. Highland Capital Management LLC acquired a new position in Newmark Group in the fourth quarter valued at approximately $135,000. Coldstream Capital Management Inc. bought a new position in Newmark Group in the third quarter valued at approximately $181,000. Cibc World Markets Corp acquired a new stake in Newmark Group during the 4th quarter worth $158,000. Finally, LPL Financial LLC bought a new stake in shares of Newmark Group during the 4th quarter valued at $184,000. Institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Down 1.1 %

Newmark Group stock opened at $12.48 on Friday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 35.66 and a beta of 1.96. The company’s 50 day simple moving average is $13.58 and its 200 day simple moving average is $14.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group, Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $16.10.

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

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.96%. Newmark Group’s dividend payout ratio (DPR) is currently 34.29%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price objective on Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th.

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.