Newmark Group, Inc. (NMRK) Showing Sign Of Heavy Institutional Buying?

Newmark Group, Inc. (NASDAQ:NMRK) enjoyed a 25.61% run-up in share price since hitting record low of $7.34. The stock managed 2.9% rise and now stands at $9.22 as of 01/10/2019. At recent session, the prices were hovering between $8.8 and $9.39. This company shares are 73.54% off its target price of $16 and the current market capitalization stands at $2.24B. The recent change has given its price a 2.72% lead over SMA 50 and -45.7% deficit over its 52-week high. The stock witnessed 7.71% gains, -9.25% declines and -35.34% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NMRK’s volatility during a week at 4.99% and during a month it has been found around 6.12%.

Newmark Group, Inc. (NMRK) Top Holders

Institutional investors currently hold around $897 million or 15% in NMRK stock. Look at its top three institutional owners. Vanguard Group Inc owns $117.93 million in Newmark Group, Inc., which represents roughly 5.26% of the company’s market cap and approximately 13.15% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 8,159,317 shares of the stock are valued at $73.11 million. The third largest holder is Principal Financial Group Inc, which currently holds $56.14 million worth of this stock and that ownership represents nearly 2.51% of its market capitalization.

Newmark Group, Inc. 13F Filings

At the end of September reporting period, 167 institutional holders increased their position in Newmark Group, Inc. (NASDAQ:NMRK) by some 13,207,235 shares, 142 decreased positions by 14,034,378 and 44 held positions by 72,837,763. That puts total institutional holdings at 100,079,376 shares, according to SEC filings. The stock grabbed 44 new institutional investments totaling 5,030,159 shares while 44 institutional investors sold out their entire positions totaling 2,722,621 shares.

Newmark Group, Inc. (NASDAQ:NMRK) Insider Trades

Multiple company employees have indulged in significant insider trading. Newmark Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Gosin Barry M has acquired 102,796 shares of Newmark Group, Inc. (NMRK) in trading session dated Dec. 12, 2018. These shares are worth $950,863 and were traded at $9.25 each. The SEC filing shows that Gosin Barry M performed a purchase of 584,567 shares. The CEO added these shares by way of transaction on Dec. 11, 2018. The company’s shares were assimilated at $9.25 per share worth to an investment of some $5,407,245 on account of Gosin Barry M.

CEO, Gosin Barry M, purchased 306,429 common shares of Newmark Group, Inc. (NMRK) in the open market. In a transaction dated Dec. 10, 2018, the shares were bought at an average price of $8.59, giving away a sum of $2,632,225. After this purchase, 1,522,015 common shares of NMRK are directly owned by the insider, with total stake valued at $14,032,978.

In the transaction dated Dec. 07, 2018, the great number of shares acquired came courtesy the Director; Bauer Virginia S added a total of 10,000 shares at an average price of $8.38, amounting to approximately $83,800. The insider now directly owns 19,433 shares worth $179,172.

Newmark Group, Inc. (NMRK) Analyst Guide

Several analysts have released their opinion on Newmark Group, Inc. (NASDAQ:NMRK), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.71 average brokerage recommendation.