Royce & Associates LP reduced its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,198,380 shares of the real estate investment trust's stock after selling 104,773 shares during the quarter. Marcus & Millichap accounts for about 0.8% of Royce & Associates LP's holdings, making the stock its 11th biggest holding. Royce & Associates LP owned approximately 5.66% of Marcus & Millichap worth $84,110,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Natixis Advisors LLC lifted its holdings in shares of Marcus & Millichap by 6.7% in the fourth quarter. Natixis Advisors LLC now owns 22,815 shares of the real estate investment trust's stock worth $873,000 after acquiring an additional 1,438 shares during the last quarter. Amundi lifted its stake in 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 purchasing an additional 7,730 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $830,000. Charles Schwab Investment Management Inc. grew its stake in shares of Marcus & Millichap by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust's stock worth $15,440,000 after buying an additional 18,785 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of 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 during the last quarter. 62.78% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Marcus & Millichap news, insider Gregory A. Laberge sold 828 shares of Marcus & Millichap stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $38.26, for a total transaction of $31,679.28. Following the transaction, the insider now directly owns 5,222 shares of the company's stock, valued at approximately $199,793.72. The trade was a 13.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 39.20% of the stock is currently owned by insiders.
Marcus & Millichap Stock Performance
Shares of MMI traded up $0.67 during trading hours on Thursday, reaching $35.91. The stock had a trading volume of 122,724 shares, compared to its average volume of 95,383. Marcus & Millichap, Inc. has a 12 month low of $29.93 and a 12 month high of $42.80. The stock has a market capitalization of $1.40 billion, a PE ratio of -112.22 and a beta of 1.15. The company's 50-day moving average is $37.10 and its two-hundred day moving average is $38.39.
Marcus & Millichap (NYSE:MMI - Get Free Report) last posted its 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 firm 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 in the prior year, the business posted ($0.27) earnings per share.
Marcus & Millichap Announces Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders 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 is Wednesday, March 12th. 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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