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Newmark Group Inc (NMRK.OQ)

NMRK.OQ on NASDAQ Stock Exchange Global Select Market

10.82USD
4:00pm EDT
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$-0.21 (-1.90%)
Prev Close
$11.03
Open
$10.97
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Volume
172,037
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66,453
52-wk High
$16.96
52-wk Low
$10.73

Latest Key Developments (Source: Significant Developments)

Newmark And BGC Partners Announce Monetization Of Approximately 2 Mln Nasdaq Shares And Update Their Outlooks
Wednesday, 20 Jun 2018 08:00am EDT 

June 20 (Reuters) - BGC Partners Inc ::NEWMARK AND BGC PARTNERS ANNOUNCE MONETIZATION OF APPROXIMATELY TWO MILLION NASDAQ SHARES AND UPDATE THEIR OUTLOOKS.NEWMARK ENTERED INTO TRANSACTIONS RELATED TO MONETIZATION OF SHARES OF NASDAQ IT EXPECTS TO RECEIVE IN 2019 AND 2020.NEWMARK'S PRINCIPAL OPERATING UNIT ISSUED ABOUT $175 MILLION OF EXCHANGEABLE PREFERRED LIMITED PARTNERSHIP UNITS IN A PRIVATE TRANSACTION.NEWMARK TO RECEIVE NET CASH PROCEEDS OF ABOUT $153 MILLION.NET OF TRANSACTION COSTS, NEWMARK TO RECEIVE ABOUT $153 MILLION PROCEEDS, NON-DILUTIVE EQUITY ON ITS BALANCE SHEET FROM MONETIZATION IN Q2.NEWMARK INTENDS TO USE NET PROCEEDS FROM MONETIZATION TO REPAY A PORTION OF $400 MILLION CONVERTED TERM LOAN MATURING SEPTEMBER 8, 2019.AFTER REPAYMENT, ABOUT $247 MILLION OF CONVERTED TERM LOAN WILL REMAIN OUTSTANDING.APPROXIMATELY $153 MILLION WILL ALSO BECOME AVAILABLE TO BE DRAWN UPON UNDER BGC'S REVOLVING CREDIT FACILITY.NEWMARK RETAINS FLEXIBILITY TO MONETIZE SOME OR ALL OF ANTICIPATED OVER $650 MILLION OF REMAINING SEVEN NASDAQ PAYMENTS FROM 2021 TO 2027.ISSUANCE OF EPUS TO RBC ARE NOT EXPECTED TO HAVE ANY IMPACT ON NEWMARK'S FULLY DILUTED SHARE COUNT.NEWMARK TODAY REAFFIRMED ENTIRETY OF ITS OUTLOOK FOR FULL YEAR 2018.BGC EXPECTS RESULTS TO BE AROUND HIGH END OF PREVIOUSLY STATED CONSOLIDATED OUTLOOK FOR REVENUES AND ADJUSTED EARNINGS FOR Q2 OF 2018.NEWMARK, BGC PARTNERS' MONETIZATION OF SHARES HAD NO IMPACT ON $93.5 MILLION NASDAQ PAYMENT EXPECTED TO BE RECOGNIZED IN Q3 2018.  Full Article

BGC Partners, Newmark To Repay Remaining Balance Of $575 Mln Unsecured Senior Term Loan
Wednesday, 7 Mar 2018 09:04am EST 

March 7 (Reuters) - BGC Partners Inc ::BGC PARTNERS AND NEWMARK GROUP TO REPAY REMAINING BALANCE OF $575 MILLION UNSECURED SENIOR TERM LOAN.SAYS ‍TRENDING TOWARDS HIGH END OF CONSOLIDATED OUTLOOK FOR REVENUE AND ADJUSTED EARNINGS FOR Q1 2018​.SAYS ‍NEWMARK REAFFIRMED ENTIRETY OF OUTLOOK FOR FY 2018​.SAYS ‍FUNDED PURCHASE USING PROCEEDS FROM CONTROLLED EQUITY OFFERING PROGRAM​.  Full Article

BGC Partners Inc Reports Qtrly GAAP Loss Per Share Of $0.41
Friday, 9 Feb 2018 06:00am EST 

Feb 9 (Reuters) - BGC Partners Inc ::BGC PARTNERS REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.BGC PARTNERS INC - QTRLY GAAP LOSS PER SHARE $0.41.BGC PARTNERS INC - QTRLY POST-TAX ADJUSTED EARNINGS PER SHARE $0.35‍​.BGC PARTNERS INC QTRLY REVENUES $894.2 MILLION VERSUS $755.8 MILLION.BGC PARTNERS INC SEES Q1 2018 CONSOLIDATED REVENUES OF BETWEEN $870 MILLION AND $920 MILLION.BGC PARTNERS INC - EXPECTS Q1 CONSOL PRE-TAX ADJUSTED EARNINGS BEFORE NONCONTROLLING INTEREST IN SUBSIDIARIES AND TAXES TO BE BETWEEN $140 MILLION AND $160 MILLION.BGC PARTNERS INC - DUE TO TCJA ,GAAP PROVISION FOR INCOME TAXES INCLUDED ONE-TIME CHARGE OF ABOUT $120.9 MILLION IN QUARTER.  Full Article

BGC Partners Updates Its Outlook For The Fourth Quarter Of 2017
Wednesday, 20 Dec 2017 08:05am EST 

Dec 20 (Reuters) - Bgc Partners Inc ::BGC PARTNERS UPDATES ITS OUTLOOK FOR THE FOURTH QUARTER OF 2017.BGC PARTNERS INC - REVENUE, PRE-TAX ADJUSTED EARNINGS FOR Q4 NOW EXPECTED TO BE AROUND HIGH-END OF RANGE OF PREVIOUS GUIDANCE.BGC PARTNERS INC - ‍GOING FORWARD, COMPANY WILL NO LONGER BE REFERRING TO ITS NON-GAAP FINANCIAL MEASURES AS DISTRIBUTABLE EARNINGS​.BGC PARTNERS INC - ‍BGC WILL INSTEAD BE REFERRING TO NON-GAAP FINANCIAL MEASURES AS ADJUSTED EARNINGS​.BGC PARTNERS INC - ‍BGC IS EXPECTED TO INCLUDE NEWMARK IN ITS CONSOLIDATED RESULTS UNTIL PLANNED SPIN-OFF OF NEWMARK​.BGC PARTNERS- BETWEEN NEWMARK IPO AND DISTRIBUTION TO BGC STOCKHOLDERS OF NEWMARK SHARES, CURRENTLY SEES TO MAINTAIN QTRLY DIVIDEND OF $0.18/SHARE.  Full Article

Newmark Group Inc Class A Shares Open At $14.05 In Debut, Up 0.4 Pct Vs IPO Price
Friday, 15 Dec 2017 11:07am EST 

Dec 15 (Reuters) - Newmark Group Inc ::NEWMARK GROUP INC CLASS A SHARES OPEN AT $14.05 IN DEBUT ON THE NASDAQ VERSUS IPO PRICE OF $14 PER SHARE.  Full Article

Newmark Group Sees IPO Of 30 Mln Shares Of Class A Common Stock Priced Between $19 And $22 Per Share
Monday, 4 Dec 2017 01:30pm EST 

Dec 4 (Reuters) - Newmark Group Inc ::NEWMARK GROUP INC SEES IPO OF 30.0 MILLION SHARES OF CLASS A COMMON STOCK PRICED BETWEEN $19 AND $22 PER SHARE - SEC FILING​.NEWMARK GROUP - ADDS PNC CAPITAL MARKETS LLC, MIZUHO SECURITIES, CAPITAL ONE SECURITIES AND KEEFE, BRUYETTE & WOODS TO AMONG THE UNDERWRITERS TO IPO.NEWMARK GROUP-ALSO ADDS SANDLER O’NEILL+ PARTNERS,RAYMOND JAMES,REGIONS SECURITIES,CASTLEOAK SECURITIES AND WEDBUSH SECURITIES TO UNDERWRITERS TO IPO.  Full Article