Proficio Capital Partners LLC bought a new stake in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,693 shares of the real estate investment trust's stock, valued at approximately $830,000. Proficio Capital Partners LLC owned approximately 0.06% of Marcus & Millichap at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC raised its position in Marcus & Millichap by 15.7% during the third quarter. Natixis Advisors LLC now owns 21,377 shares of the real estate investment trust's stock valued at $847,000 after purchasing an additional 2,895 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Marcus & Millichap by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 384,775 shares of the real estate investment trust's stock valued at $15,249,000 after buying an additional 12,401 shares during the period. BNP Paribas Financial Markets lifted its position in Marcus & Millichap by 8.4% in the third quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust's stock worth $205,000 after buying an additional 400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Marcus & Millichap by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,522 shares of the real estate investment trust's stock worth $2,478,000 after buying an additional 1,120 shares during the last quarter. Finally, State Street Corp boosted its stake in Marcus & Millichap by 0.3% during the third quarter. State Street Corp now owns 910,655 shares of the real estate investment trust's stock worth $36,319,000 after buying an additional 2,877 shares during the period. Institutional investors own 62.78% of the company's stock.
Marcus & Millichap Price Performance
Shares of MMI traded down $0.06 during midday trading on Wednesday, hitting $35.52. The stock had a trading volume of 63,103 shares, compared to its average volume of 95,733. The stock's 50 day moving average is $37.21 and its 200 day moving average is $38.31. The firm has a market cap of $1.39 billion, a PE ratio of -111.00 and a beta of 1.15. Marcus & Millichap, Inc. has a 1 year low of $29.93 and a 1 year high of $42.80.
Marcus & Millichap (NYSE:MMI - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $240.08 million for the quarter. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. During the same quarter in the previous year, the company posted ($0.27) earnings per share.
Marcus & Millichap Dividend Announcement
The firm also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.25 per share. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 12th. Marcus & Millichap's dividend payout ratio is currently -156.25%.
Insider Activity at Marcus & Millichap
In other Marcus & Millichap news, insider Gregory A. Laberge sold 2,915 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total value of $101,383.70. Following the completion of the sale, the insider now directly owns 2,307 shares of the company's stock, valued at $80,237.46. The trade was a 55.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.20% of the stock is owned by company insiders.
Marcus & Millichap 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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