Marcus & Millichap, Inc. (NYSE:MMI) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC cut its stake in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 631,425 shares of the real estate investment trust's stock after selling 22,780 shares during the quarter. Marcus & Millichap accounts for about 1.9% of Tributary Capital Management LLC's portfolio, making the stock its 15th biggest position. Tributary Capital Management LLC owned approximately 1.61% of Marcus & Millichap worth $21,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Reinhart Partners LLC. boosted its holdings in Marcus & Millichap by 13.3% in the 1st quarter. Reinhart Partners LLC. now owns 2,162,935 shares of the real estate investment trust's stock valued at $74,513,000 after purchasing an additional 253,444 shares during the period. Geode Capital Management LLC lifted its stake in shares of Marcus & Millichap by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 597,338 shares of the real estate investment trust's stock valued at $22,859,000 after acquiring an additional 2,193 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $15,440,000 after purchasing an additional 18,785 shares during the period. Northern Trust Corp grew its holdings in Marcus & Millichap by 1.2% in the 4th quarter. Northern Trust Corp now owns 248,750 shares of the real estate investment trust's stock worth $9,517,000 after acquiring an additional 2,858 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Marcus & Millichap by 25.7% in the first quarter. Harbor Capital Advisors Inc. now owns 191,689 shares of the real estate investment trust's stock worth $6,604,000 after purchasing an additional 39,235 shares during the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

Marcus & Millichap Stock Down 1.7%

Shares of Marcus & Millichap stock traded down $0.55 on Friday, reaching $30.88. The stock had a trading volume of 75,405 shares, compared to its average volume of 107,783. The company has a 50 day moving average price of $30.31 and a 200 day moving average price of $33.29. Marcus & Millichap, Inc. has a 1 year low of $27.61 and a 1 year high of $42.80. The stock has a market capitalization of $1.20 billion, a P/E ratio of -181.64 and a beta of 1.23.

Marcus & Millichap (NYSE:MMI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.05. The company had revenue of $145.04 million for the quarter, compared to analyst estimates of $140.20 million. Marcus & Millichap had a negative net margin of 0.95% and a negative return on equity of 1.09%.

About Marcus & Millichap

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.