Amundi boosted its position in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 195.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,687 shares of the real estate investment trust's stock after purchasing an additional 7,730 shares during the quarter. Amundi's holdings in Marcus & Millichap were worth $408,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Marcus & Millichap in the 4th quarter worth approximately $830,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Marcus & Millichap by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust's stock valued at $15,440,000 after purchasing an additional 18,785 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Marcus & Millichap by 12.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 9,686 shares of the real estate investment trust's stock worth $371,000 after buying an additional 1,035 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Marcus & Millichap by 11.6% during the fourth quarter. Handelsbanken Fonder AB now owns 8,666 shares of the real estate investment trust's stock worth $332,000 after buying an additional 900 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Marcus & Millichap by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 116,694 shares of the real estate investment trust's stock valued at $4,465,000 after buying an additional 3,562 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company's stock.
Marcus & Millichap Stock Performance
Shares of NYSE MMI traded up $1.00 during trading on Monday, hitting $36.41. 142,612 shares of the company were exchanged, compared to its average volume of 95,935. The company has a fifty day moving average price of $37.15 and a 200-day moving average price of $38.34. The firm has a market capitalization of $1.43 billion, a PE ratio of -113.77 and a beta of 1.15. Marcus & Millichap, Inc. has a 12-month low of $29.93 and a 12-month high of $42.80.
Marcus & Millichap (NYSE:MMI - Get Free Report) last issued its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.28. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. The company had revenue of $240.08 million for the quarter. During the same period last year, the firm earned ($0.27) earnings per share.
Marcus & Millichap Announces Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Wednesday, March 12th will be issued a $0.25 dividend. This represents a yield of 1.3%. The ex-dividend date is Wednesday, March 12th. Marcus & Millichap's dividend payout ratio is presently -156.25%.
Insider Buying and Selling
In other Marcus & Millichap news, insider Gregory A. Laberge sold 2,915 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total transaction of $101,383.70. Following the completion of the transaction, the insider now owns 2,307 shares of the company's stock, valued at $80,237.46. This trade represents a 55.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.20% of the stock is currently owned by company insiders.
About Marcus & Millichap
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Free Report)
Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.
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