Marcus & Millichap, Inc. (NYSE:MMI) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Marcus & Millichap, Inc. (NYSE:MMI) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 403,560 shares of the real estate investment trust’s stock after acquiring an additional 18,785 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Marcus & Millichap were worth $15,440,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MMI. R Squared Ltd purchased a new stake in shares of Marcus & Millichap during the 4th quarter worth approximately $66,000. BNP Paribas Financial Markets lifted its position in shares of Marcus & Millichap by 8.4% during the 3rd 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. Heritage Family Offices LLP lifted its position in shares of Marcus & Millichap by 7.1% during the 4th quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 464 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of 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 buying an additional 900 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Marcus & Millichap by 6.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 530 shares during the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Insider Activity

In other news, insider Gregory A. Laberge sold 2,915 shares of Marcus & Millichap stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total value of $101,383.70. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 39.20% of the company’s stock.

Marcus & Millichap Trading Up 1.9 %

Shares of NYSE:MMI opened at $35.91 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of -112.22 and a beta of 1.15. Marcus & Millichap, Inc. has a twelve month low of $29.93 and a twelve month high of $42.80. The firm has a 50 day simple moving average of $37.12 and a 200-day simple moving average of $38.37.

Marcus & Millichap (NYSE:MMI) last announced its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.28. The business 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 period in the previous year, the firm earned ($0.27) earnings per share.

Marcus & Millichap Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 1.3%. Marcus & Millichap’s payout ratio is -156.25%.

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.