Dimensional Fund Advisors LP trimmed its position in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,707,033 shares of the real estate investment trust's stock after selling 34,956 shares during the period. Dimensional Fund Advisors LP owned approximately 4.40% of Marcus & Millichap worth $65,311,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in shares of Marcus & Millichap by 807.2% during the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 670 shares in the last quarter. R Squared Ltd bought a new stake in Marcus & Millichap during the 4th quarter worth approximately $66,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus & Millichap in the fourth quarter worth approximately $172,000. Heritage Family Offices LLP lifted its holdings in shares of Marcus & Millichap by 7.1% in the fourth 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Marcus & Millichap by 5.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust's stock valued at $297,000 after buying an additional 421 shares during the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.
Marcus & Millichap Stock Performance
MMI traded up $0.75 during mid-day trading on Wednesday, reaching $30.14. 134,790 shares of the stock were exchanged, compared to its average volume of 102,057. Marcus & Millichap, Inc. has a 1 year low of $29.31 and a 1 year high of $42.80. The stock has a market capitalization of $1.18 billion, a PE ratio of -94.18 and a beta of 1.24. The company has a 50 day moving average price of $33.13 and a two-hundred day moving average price of $36.76.
Marcus & Millichap (NYSE:MMI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.05. The firm had revenue of $145.04 million during the quarter, compared to the consensus estimate of $140.20 million. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%.
Marcus & Millichap Dividend Announcement
The company also recently disclosed a semi-annual dividend, which was paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.25 per share. This represents a yield of 1.3%. The ex-dividend date was Wednesday, March 12th. Marcus & Millichap's dividend payout ratio (DPR) is -156.25%.
Insider Buying and Selling at Marcus & Millichap
In related news, insider Gregory A. Laberge sold 828 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $38.26, for a total value of $31,679.28. Following the sale, the insider now directly owns 5,222 shares in the company, valued at approximately $199,793.72. The trade was a 13.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 39.89% of the company's stock.
About Marcus & Millichap
(
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.
Read More
Before you consider Marcus & Millichap, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marcus & Millichap wasn't on the list.
While Marcus & Millichap currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
