Vanguard Group Inc. Sells 3,478 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Vanguard Group Inc. trimmed its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,828,172 shares of the real estate investment trust’s stock after selling 3,478 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Marcus & Millichap worth $146,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MMI. R Squared Ltd acquired a new position in Marcus & Millichap in the fourth quarter valued at approximately $66,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Marcus & Millichap during the 4th quarter worth approximately $172,000. BNP Paribas Financial Markets increased its stake in shares of Marcus & Millichap by 8.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 400 shares in 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 valued at $269,000 after acquiring an additional 464 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Marcus & Millichap by 11.6% during the fourth quarter. Handelsbanken Fonder AB now owns 8,666 shares of the real estate investment trust’s stock worth $332,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Trading Down 3.3 %

NYSE:MMI opened at $30.56 on Tuesday. 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 $1.20 billion, a price-to-earnings ratio of -95.50 and a beta of 1.17. The firm has a fifty day simple moving average of $36.64 and a two-hundred day simple moving average of $37.96.

Marcus & Millichap (NYSE:MMI) last issued 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. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. The company had revenue of $240.08 million during the quarter. During the same quarter in the prior year, the business earned ($0.27) earnings per share.

Marcus & Millichap Announces Dividend

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

Insider Transactions at Marcus & Millichap

In other news, insider Gregory A. Laberge sold 2,915 shares of the business’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 39.20% of the stock is owned by insiders.

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.