DGS Capital Management LLC Buys New Shares in Newmark Group, Inc. (NASDAQ:NMRK)

DGS Capital Management LLC purchased a new position in Newmark Group, Inc. (NASDAQ:NMRK) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,391 shares of the company’s stock, valued at approximately $102,000.

Several other institutional investors have also added to or reduced their stakes in the business. Atwood & Palmer Inc. boosted its holdings in Newmark Group by 69.3% during the 1st quarter. Atwood & Palmer Inc. now owns 4,254 shares of the company’s stock valued at $30,000 after acquiring an additional 1,742 shares during the period. Signaturefd LLC grew its holdings in shares of Newmark Group by 155.3% in the first quarter. Signaturefd LLC now owns 4,447 shares of the company’s stock worth $31,000 after purchasing an additional 2,705 shares during the last quarter. Ellevest Inc. boosted its position in Newmark Group by 218.8% during the 1st quarter. Ellevest Inc. now owns 4,642 shares of the company’s stock valued at $33,000 after buying an additional 3,186 shares during the period. Captrust Financial Advisors grew its holdings in Newmark Group by 44.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock worth $37,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Newmark Group by 6,298.8% in the 4th quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock worth $41,000 after acquiring an additional 5,102 shares during the last quarter. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Stock Performance

Shares of NASDAQ:NMRK opened at $6.61 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $7.04 and a 200-day moving average price of $6.66. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 36.72 and a beta of 1.74. Newmark Group, Inc. has a 12 month low of $5.07 and a 12 month high of $10.52.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, July 28th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The business had revenue of $585.80 million for the quarter, compared to the consensus estimate of $558.87 million. Newmark Group had a net margin of 1.40% and a return on equity of 15.98%. The company’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. As a group, equities analysts anticipate that Newmark Group, Inc. will post 0.97 EPS for the current year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, August 16th. Newmark Group’s payout ratio is currently 66.67%.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services.