Penn Capital Management Company LLC Sells 607,706 Shares of Newmark Group, Inc. $NMRK

Penn Capital Management Company LLC lessened its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 36.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,079,674 shares of the company’s stock after selling 607,706 shares during the period. Newmark Group comprises 1.6% of Penn Capital Management Company LLC’s portfolio, making the stock its 8th largest holding. Penn Capital Management Company LLC’s holdings in Newmark Group were worth $20,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Newmark Group by 5.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,823,432 shares of the company’s stock worth $46,460,000 after buying an additional 213,941 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Newmark Group by 88.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock worth $30,622,000 after acquiring an additional 1,186,191 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Newmark Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock valued at $30,199,000 after acquiring an additional 55,628 shares in the last quarter. Boston Partners raised its stake in shares of Newmark Group by 65.2% in the second quarter. Boston Partners now owns 2,212,910 shares of the company’s stock worth $26,899,000 after acquiring an additional 873,180 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Newmark Group by 32.1% in the third quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock worth $33,447,000 after acquiring an additional 435,646 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Trading Up 1.9%

NMRK opened at $14.70 on Wednesday. The firm has a 50 day simple moving average of $15.91 and a 200 day simple moving average of $17.15. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.83. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 21.62 and a beta of 1.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Newmark Group had a net margin of 3.83% and a return on equity of 24.97%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $998.86 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.820-1.920 EPS. On average, sell-side analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. Newmark Group’s payout ratio is 17.65%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays decreased their price target on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Keefe, Bruyette & Woods dropped their price objective on shares of Newmark Group from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Wall Street Zen lowered Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.67.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.