ExodusPoint Capital Management LP cut its position in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 45.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,712 shares of the real estate investment trust's stock after selling 25,229 shares during the quarter. ExodusPoint Capital Management LP owned about 0.08% of Marcus & Millichap worth $1,175,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MMI. Barclays PLC increased its position in Marcus & Millichap by 104.7% during the 3rd quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust's stock worth $2,393,000 after purchasing an additional 30,884 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Marcus & Millichap in the fourth quarter worth $830,000. Amundi raised its stake in shares of Marcus & Millichap by 195.4% in the 4th quarter. Amundi now owns 11,687 shares of the real estate investment trust's stock valued at $408,000 after acquiring an additional 7,730 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Marcus & Millichap by 4.9% during the 4th 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 acquiring an additional 18,785 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 400 shares during the period. 62.78% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Marcus & Millichap news, insider Gregory A. Laberge sold 2,915 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total value of $101,383.70. Following the transaction, the insider now owns 2,307 shares in the company, valued at $80,237.46. The trade was a 55.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 39.20% of the company's stock.
Marcus & Millichap Price Performance
NYSE MMI traded up $0.19 during trading hours on Tuesday, hitting $31.65. The company had a trading volume of 18,363 shares, compared to its average volume of 101,663. The firm's 50 day moving average is $35.68 and its 200 day moving average is $37.53. Marcus & Millichap, Inc. has a fifty-two week low of $29.36 and a fifty-two week high of $42.80. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -98.92 and a beta of 1.17.
Marcus & Millichap (NYSE:MMI - Get Free Report) last posted its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.28. The business had revenue of $240.08 million during the quarter. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. During the same quarter last year, the business posted ($0.27) EPS.
Marcus & Millichap Announces Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a dividend yield of 1.3%. Marcus & Millichap's payout ratio is currently -156.25%.
Marcus & Millichap Company Profile
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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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