|Bid||4.3300 x 2900|
|Ask||4.4600 x 900|
|Day's Range||4.1800 - 4.4200|
|52 Week Range||2.4900 - 13.8500|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||8.51|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||0.04 (0.95%)|
|Ex-Dividend Date||May 27, 2020|
|1y Target Est||7.20|
Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company") established a $125 million sublimit line of credit1 to fund potential principal and interest servicing advances on its Fannie Mae portfolio during the forbearance period related to the CARES Act. The advance line will provide 100% of the principal and interest advance payment at a rate of 1-month LIBOR plus 2.00% and will be collateralized by Fannie Mae's commitment to repay advances. Newmark currently has four Fannie Mae loans in forbearance, with $0.3 million of advances outstanding as of May 31, 2020.
In this article we will check out the progression of hedge fund sentiment towards Newmark Group, Inc. (NASDAQ:NMRK) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
Back in September 2017, I picked seven beaten-down stocks to buy. I did so after reading a blog post from Ben Carlson, one of the best financial bloggers in the country. The problem with selecting beaten-down or penny stocks to buy is that they often come with a lot of baggage. Baggage that's not necessarily going to disappear overnight. "When dumpster diving for beaten-down shares, you must be able to understand how far divorced fundamentals have become from investor expectations," Carlson wrote in 2017. "While there were bargains galore in early 2009, late 2011 and even early 2016, if you want to find value in these markets, you have to go dumpster diving."InvestorPlace - Stock Market News, Stock Advice & Trading TipsWell, of the seven stocks on my list, only one, Kroger (NYSE:KR), is higher today than it was in September 2017. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure The glutton for punishment that I am, I've decided to go back to the dumpster to find 10 penny stocks to buy trading under $5 as I write this. Hopefully, I'll do a little better this time around. Penny Stocks to Buy: Banco BBVA Argentina (BBAR)Source: Shutterstock Market Cap: $765.9 million Price-to-Book: 0.62Banco Bbva Argentina (NYSE:BBAR), as its name suggests, is a financial services company based in Buenos Aires, Argentina. It has operated in Argentina since 1886. Its American Depositary Shares have been traded on the NYSE since 1993. It is the fourth-largest privately-owned bank in Argentina with 7.7% of the country's total banking system loans on a consolidated basis. At the end of 2019, it had 454 billion Argentine pesos in total assets on its balance sheet. Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish bank. It owns 66% of the Argentinian bank. Bank of New York Mellon (NYSE:BNY) is also a large shareholder with 18% of BBVA's stock.In 2019, it made 16 billion pesos on 88 billion pesos in revenue. That revenue is up significantly from 49 billion pesos in 2017. However, investing in Argentina is not for the faint of heart. The country is notoriously bad at defaulting on its debt, making investments extremely volatile. That said, BBAR is cheaper than it has been in the past five years. I would recommend the bank stock for aggressive investors only. Global Cord Blood Corp. (CO)Source: Shutterstock Market Cap: $323.3 million Price-to-Book: 0.61After what's happened to Luckin Coffee (NYSE:LK) in 2020, most investors will probably want to steer clear of Chinese investments, except maybe Alibaba (NYSE:BABA) and a handful of other stocks. For those more adventurous, Global Cord Blood (NYSE:CO) holds three out of the seven licenses to operate cord blood banks in China. Two million babies are born each year in the three markets it operates: Beijing, Guangdong and Zhejiang. It has accumulated over 815,000 subscribers since its founding in 2003. Globally, there are 35 private cord blood banks in the U.S., another 104 in Europe and 54 in South America. Approximately four million private cord blood units are stored worldwide. Global Blood Corp. has 47% market share in China. The company charges a one-time processing fee of 9,800 Chinese Yuan and an annual storage fee of 860 Chinese Yuan for 18 years. That translates to $200 per customer per year amortized over 18 years. It adds up. * 10 Stocks to Buy to Weather the Recession In the first nine months of 2020, the company had revenues of $132.4 million, 25.4% higher than a year earlier, along with operating income of $58.8 million, 39.9% higher than in the first nine months of fiscal 2019. Silvercorp Metals (SVM)Source: Shutterstock Market Cap: $688.4 million Price-to-Book: 1.88Vancouver-based Silvercorp Metals (NYSEAMERICAN:SVM) entered the Chinese market in 2004 by acquiring the Ying project, a small producing mine in the Henan province. Today, Silvercorp produces 6.4 million ounces of silver annually, 22.7 million pounds of zinc and more than 3,500 ounces of gold.On May 17, Silvercorp announced it would acquire Guyana Goldfields (OTCMKTS:GUYFF) for 227 million CAD in a cash-and-stock deal worth $1.30 per share. Guyana operates the Aurora gold mine in Guyana. The mine produces between 145,000 and 160,000 ounces per year. It has been in production since 2016. The acquisition creates a diversified precious metals producer that generates positive free cash flow. With Guyana Goldfields under its wing, it will have a strong balance sheet to make further acquisitions and move the Aurora mine from an open-pit operation to an underground mine with more than 14 years of production capacity. Newmark Group (NMRK)Source: Shutterstock Market Cap: $737.9 million Price-to-Book: 1.16Newmark (NASDAQ:NMRK) is a full-service commercial real estate advisory that provides services to both owners and tenants. The company was spun-off from its former parent, BGC Partners (NASDAQ:BGCP), in November 2018. On May 7, Newmark reported its Q1 2020 results. On the top line, it had $483.9 million in revenue, 8.1% higher than a year earlier. On the bottom line, it had adjusted earnings of $23.5 million, 57.8% lower than in the same period a year earlier. Sales were 2% lower than the consensus estimate while its GAAP profit was 3 cents per share, 70% lower than the consensus estimate. Since it announced earnings, its shares have basically gone sideways, which is a good sign if you've owned its shares for a long time. One thing dividend investors will notice is that the company cut its quarterly dividend by 90% from 10 cents to 1 cent starting with the June payment. With the dividend cut, it currently yields slightly less than 1%. * 7 Gun Stocks to Buy During the Coronavirus Pandemic Expect Newmark to face a tough commercial real estate market over the next few quarters. However, it has made several moves, including the dividend cut, to ensure it remains financially sound during the economic downturn caused by the novel coronavirus. Smith Micro Software (SMSI)Source: Shutterstock Market Cap: $173.6 million Price-to-Book: 3.28Smith Micro Software (NASDAQ:SMSI) provides software to wireless carriers to enhance their user experience. It currently has three main products: SafePath, CommSuite and ViewSpot. In the latest quarter ended March 31, SafePath generated 59% of the company's $13.2 million in wireless revenue during the quarter while CommSuite accounted for another 34%.SafePath's solutions keep families' devices connected providing a safer, more enjoyable digital experience. CommSuite provides voice-to-text voice mail messaging for mobile devices that can be accessed from anywhere using any device. It has been installed on more than 18 million mobile devices. In the first quarter, Smith Micro had adjusted net income of $4.1 million, up significantly from $776,000 a year earlier. The company continues to expand its product offerings beyond SafePath and CommSuite, providing investors with a diversified penny stock opportunity. One thing to be aware of before you invest: Sprint accounts for 88% of the company's total revenue. Its merger with T-Mobile (NASDAQ:TMUS) could affect the relationship in the future. Orion Energy Systems (OESX)Source: Shutterstock Market Cap: $138.3 million Price-to-Book: 4.40Orion Energy Systems (NASDAQ:OESX) manufactures indoor and outdoor LED lighting and lighting solutions for all kinds of different industries, including agriculture, healthcare, retail, etc. The company's lighting solutions are 100% turnkey, providing customers with just one touchpoint when it comes to service.Its customers are some of the biggest names including Costco (NASDAQ:COST), Coca-Cola (NYSE:KO) and General Electric (NYSE:GE).On March 16, Orion was added to the CIBC Atlas Clean Energy Index, an index with exposure to U.S. and Canadian companies operating in the clean energy sector. Segments include solar, wind, hydro, geothermal, electric vehicles, LED and many others. As of May 26, the index had a one-year return of 29.9%. In February, Orion reported Q3 2020 results that included revenue growth of 110%. More importantly, its net income went from a loss of $700,000 in Q3 2019 to a profit of $2.3 million. As a result of its strong showing in the third quarter, it upped its fiscal 2020 guidance from $140 million at the midpoint to $152.5 million at the midpoint. * 6 Companies to Invest in Today for 10 Years of Growth Orion is definitely an under-the-radar type of penny stock opportunity. Mistras Group (MG)Source: Shutterstock Market Cap: $127.9 million Price-to-Book: 0.75Mistras Group (NYSE:MG) proclaims it is the only publicly traded pure-play asset protection company in the U.S. with more than 115 locations worldwide managed by approximately 5,000 employees.Founded in 1978, the company originally known as Physical Acoustics Corporation, became Mistras Group in 2007. Two years later it completed its IPO. The company helps industries such as oil and gas keep their assets running safely. Oil and gas account for approximately 56% of its revenue with aerospace and defense (15%) and industrials (12%) helping carry some of the load. Mistras' core business involves the non-destructive testing (NDT) of assets, a market that's estimated to be $14 billion worldwide. It has an approximately 4.5% share of the global NDT market.In the near term, Covid-19 is causing delays in projects, especially in the oil and gas sector. As a result, it expects revenues to face declines in the second quarter, but that higher oil prices means the third and fourth quarters will likely see energy companies undertake testing projects they've postponed due to the pandemic and lower prices.Down almost 70% year to date, Mistras is worth taking a closer look at. Office Depot (ODP)Source: Jonathan Weiss / Shutterstock.com Market Cap: $1.3 billion Price-to-Book: 0.59Definitely the largest of the penny stocks to buy discussed so far, it's probably the best known as well. Who hasn't been to Office Depot (NASDAQ:ODP) at some point in their life? It's hard to believe ODP once traded over $40.While it's unlikely to get back to those lofty heights, aggressive investors ought to consider taking a flyer on this once-dominant office supplies retailer.Office Depot announced a restructuring plan on May 18 that includes closing stores, distribution centers and reducing its headcount by 13,100 people by the end of 2023. The company expects the restructuring to save it $860 million in the next three-and-a-half years. The company is moving to a business-to-business and IT services focus. The cuts will help it invest in growing these segments of its business. Unfortunately, Covid-19 is hurting this segment at a time when it can ill afford to lose momentum. Fortunately, its retail stores have been deemed essential services during the crisis, so sales at its stores rose by 2% during the first quarter. * The 9 Best Cheap Stocks to Fill Up On Now Over the past five years, Office Depot's price-to-book ratio averaged 1.17. Today, it's half that amount. I wouldn't buy this stock if you really need the money, but if you can afford to lose the entire amount, the risk/reward is quite balanced. Garrett Motion (GTX)Source: Shutterstock Market Cap: $362.8 million Price-to-Book: N/AGarrett Motion (NYSE:GTX) makes turbochargers for light and commercial vehicles. Until October 2018, it was part of Honeywell (NYSE:HON), when it was spun-off from the industrial conglomerate. Honeywell shareholders got one share in Garrett for every $10 shares in the parent.How have shareholders made out? With dividends, they've probably broken even, but that's about it. Trading slightly below $5 as I write this, it traded as high as $20 in April 2019. On May 11, Garrett reported its Q1 2020 results. Sales fell by 8.5%, excluding currency, to $745 million, while its adjusted net income declined by 26% to $68 million. However, both its top- and bottom-line handily beat analyst estimates for the quarter.During the company's conference call May 11, CEO Olivier Rabiller stressed that despite its fastest-growing plant shutting down for six weeks during the first quarter -- it's in Wuhan, the epicenter of the global pandemic -- it has fared better than many others operating in the global automotive sector and that speaks to Garrett's global capabilities. Down 52% on the year, Garrett could be the best buy of the bunch. Information Services Group (III)Market Cap: $86.2 million Price-to-Book: 0.99The smallest of the penny stocks to buy, good things come in small packages. Information Services Group (NASDAQ:III) is a technology consulting firm that helps more than 700 clients transform their businesses through digitalization. It consults for 75 of the world's top 100 enterprises. It's a big deal despite its size.Over the past year, III stock has drifted down from $3 in July 2019, to $1.80 as I write this, down 30% on the year. What has been the problem? It's hard to put my finger on it. The company does have operating expenses that are higher than the revenue it brings in but on an adjusted basis it does make money. In the first quarter, it reported revenue of $63.7 million, flat to last year, excluding currency. In terms of the bottom line, its adjusted profit in Q1 2020 was $1.1 million, down 26.7% from the same period a year earlier. The good news is that CEO Michael Connors believes that it will double its profitability in the second quarter compared to the first, despite the demand for its advisory services slowing due to Covid-19. I wouldn't bet the farm, but an increase in profits could result in a tangible jump in its stock price over the next three to six months. * 10 of the Best Long-Term Stocks to Buy When the Market's Down To recap, the ten penny stocks that make the list are as follows: * Banco Bbva Argentina * Global Cord Blood * Silvercorp Metals * Newmark Group * Smith Micro Software * Orion Energy Systems * Mistras Group * Office Depot * Garrett Motion * Information Services GroupWill Ashworth has written about investments full-time since 2008. Publications where he's appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 10 Penny Stocks to Buy Under $5 That Might Be Worth the Risk appeared first on InvestorPlace.
Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark", or the "Company"), a leading full-service commercial real estate services business, today announced that its Chief Executive Officer, Barry M. Gosin, and its Chief Strategy Officer and Head of Multifamily Capital Markets, Jeff Day, are scheduled to participate in Keefe, Bruyette, and Woods' Real Estate Finance and Technology Conference on May 28, 2020.
Newmark Group, Inc. (NASDAQ:NMRK) missed earnings with its latest quarterly results, disappointing overly-optimistic...
At this time, I would like to welcome everyone to the Newmark First Quarter 2020 Earnings Conference Call. Due to the extraordinary impact of the ongoing pandemic, we created a supplemental COVID-19 slide deck, which illustrates Newmark's response to the crisis and it can be found on our Investor Relations website at ir.ngkf.com.
Newmark Group (NMRK) delivered earnings and revenue surprises of -62.50% and -0.07%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Newmark Group (NASDAQ:NMRK) moved higher by 7% after the company reported Q1 results.Quarterly Results Earnings per share fell 57.14% over the past year to $0.09, which missed the estimate of $0.23.Revenue of $483,930,000 rose by 8.10% year over year, which missed the estimate of $494,430,000.Outlook Newmark Group hasn't issued any earnings guidance for the time being.Newmark Group hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 07, 2020View more earnings on NMRKWebcast URL: http://event.on24.com/view/help/index.html?text_language_id=en&fh=true&ngwebcast=trueTechnicals Company's 52-week high was at $13.8552-week low: $2.49Price action over last quarter: down 66.93%Company Overview Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.See more from Benzinga * Cooper Tire & Rubber: Q1 Earnings Insights * Recap: Suburban Propane Partners Q2 Earnings * Koppers Holdings: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company") today reported its financial results for the quarter ended March 31, 2020.
Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company") today announced certain pay reductions due to the impact of the SARS-CoV-2 pandemic ("COVID-19").
The pandemic has all but stopped significant leasing activity in local office markets as the commercial real estate world figures out what its next move will be.
A new 11-building apartment complex is in the works for west Orange County. Orlando-based Boyd Development Corp., alongside an unnamed private developer, has plans for 496 apartments on 22.6 acres at 6301 Avalon Road, Ken Kupp, partner with Boyd Development, told Orlando Business Journal. It's expected to feature three clubhouses, a pool and a dog-washing station, according to Orange County documents.
An empty Mercer Island office building on nearly six acres has been sold and is likely headed for redevelopment. Ryan Cos. and HAL Real Estate paid VEREIT $46.45 million for the 1980s-era building, which measures 146,750 square feet. Located at 3033 77th Ave. S.E., the building housed Farmers New World Insurance, which moved to Bellevue after more than six decades on the island.
Newmark Group (NASDAQ:NMRK) shareholders are no doubt pleased to see that the share price has bounced 42% in the last...
Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark", or the "Company"), which operates a leading full-service commercial real estate services business, today announced the details regarding its first quarter 2020 financial results conference call. This call will take place on Thursday, May 7, 2020 at 10:00 a.m. ET.
Pittsburgh's office market shows signs of health in flat market amid pandemic's great damage on American economy.
The head of commercial brokerage firm Newmark Knight Frank's Debt and Structured Finance team in Northern California believes the Bay Area is already in an economic downturn, which spells trouble for developers seeking construction loans.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
KBS, one of the largest investors in premier commercial real estate in the nation, announced today the signing of 51,011 square-feet of commercial leases at Woodbridge Corporate Plaza in Northern New Jersey real estate market. The leases signed include one new long-term lease and several lease extensions and expansions.
To the annoyance of some shareholders, Newmark Group (NASDAQ:NMRK) shares are down a considerable 37% in the last...
A mixed-use project — one of the biggest proposed developments in Central Florida based on construction costs — has started site work. Orlando-based developer City Center West Orange LLC expects to complete the first phase of the eponymous, $1 billion-plus City Center West Orange project in fall 2022. The 60-acre development, on West Colonial Drive and Bluford Avenue, will feature 450 apartments, 200,000 square feet of retail, 35,000 square feet of office, a hotel and a 1,900-car parking garage in the first phase, President and CEO David Townsend told Orlando Business Journal.
Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company") today reported its financial results for the quarter ended December 31, 2019.
A Volusia County luxury apartment complex — part of a larger town center project near the last northern SunRail stop — will welcome residents this summer. The first apartments will be completed by next month for the 289-unit Integra 289 Exchange northeast of U.