Marcus & Millichap (NYSE:MMI) Sets New 52-Week Low - What's Next?

Marcus & Millichap, Inc. (NYSE:MMI - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $29.80 and last traded at $30.19, with a volume of 148789 shares traded. The stock had previously closed at $30.53.

Marcus & Millichap Stock Performance

The company's 50-day moving average price is $35.80 and its 200 day moving average price is $37.61. The stock has a market capitalization of $1.21 billion, a P/E ratio of -96.41 and a beta of 1.17.

Marcus & Millichap (NYSE:MMI - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The real estate investment trust reported $0.22 EPS for the quarter, beating the consensus estimate 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 business had revenue of $240.08 million during the quarter. During the same period last year, the company earned ($0.27) EPS.

Marcus & Millichap Dividend Announcement

The firm 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 dividend payout ratio (DPR) is -156.25%.

Insider Activity

In related news, insider Gregory A. Laberge sold 2,915 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total transaction of $101,383.70. Following the completion of the sale, the insider now directly owns 2,307 shares in the company, valued at $80,237.46. This represents a 55.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 39.20% of the company's stock.

Institutional Investors Weigh In On Marcus & Millichap

Large investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its stake in Marcus & Millichap by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 670 shares during the period. R Squared Ltd acquired a new position in Marcus & Millichap during the fourth quarter valued at $66,000. State of Wyoming acquired a new position in Marcus & Millichap during the fourth quarter valued at $156,000. KLP Kapitalforvaltning AS purchased a new stake in Marcus & Millichap in the fourth quarter valued at $172,000. Finally, BNP Paribas Financial Markets grew 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 owned by hedge funds and other institutional investors.

Marcus & Millichap Company Profile

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.