Marcus & Millichap, Inc. (NYSE:MMI) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its position in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 658,974 shares of the real estate investment trust's stock after selling 46,021 shares during the period. Schroder Investment Management Group owned 1.70% of Marcus & Millichap worth $25,041,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake 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 valued at $205,000 after buying an additional 400 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Marcus & Millichap by 5.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust's stock valued at $297,000 after acquiring an additional 421 shares during the period. Heritage Family Offices LLP raised its position in Marcus & Millichap by 7.1% in the 4th quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust's stock valued at $269,000 after purchasing an additional 464 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Marcus & Millichap by 11.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,666 shares of the real estate investment trust's stock worth $332,000 after purchasing an additional 900 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in Marcus & Millichap by 12.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,686 shares of the real estate investment trust's stock worth $371,000 after purchasing an additional 1,035 shares during the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Marcus & Millichap Stock Performance

NYSE MMI traded down $1.03 during trading on Monday, reaching $30.56. The company's stock had a trading volume of 196,756 shares, compared to its average volume of 101,111. The business's fifty day moving average price is $36.64 and its 200-day moving average price is $37.96. Marcus & Millichap, Inc. has a twelve month low of $29.93 and a twelve month high of $42.80. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -95.50 and a beta of 1.17.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.28. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. The firm had revenue of $240.08 million for the quarter. During the same quarter last year, the firm earned ($0.27) EPS.

Marcus & Millichap Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.25 per share. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 12th. Marcus & Millichap's dividend payout ratio (DPR) is presently -156.25%.

Insider Buying and Selling

In related 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 directly owns 2,307 shares of the company's stock, valued at $80,237.46. This represents a 55.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 39.20% of the company's stock.

Marcus & Millichap 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.