Dupont Capital Management Corp Has $97,000 Stake in Marcus & Millichap, Inc. (NYSE:MMI)

Dupont Capital Management Corp decreased its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMIGet Rating) by 81.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,948 shares of the real estate investment trust’s stock after selling 13,031 shares during the quarter. Dupont Capital Management Corp’s holdings in Marcus & Millichap were worth $97,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in shares of Marcus & Millichap by 23.1% during the second quarter. Captrust Financial Advisors now owns 1,825 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 342 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Marcus & Millichap by 1.9% during the third quarter. Texas Permanent School Fund now owns 18,110 shares of the real estate investment trust’s stock worth $594,000 after purchasing an additional 343 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Marcus & Millichap by 0.3% during the first quarter. Federated Hermes Inc. now owns 129,699 shares of the real estate investment trust’s stock worth $6,833,000 after purchasing an additional 406 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Marcus & Millichap by 0.6% during the first quarter. Rhumbline Advisers now owns 67,158 shares of the real estate investment trust’s stock worth $3,538,000 after purchasing an additional 413 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of Marcus & Millichap by 4.3% during the third quarter. Ritholtz Wealth Management now owns 11,330 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 467 shares during the last quarter. Institutional investors and hedge funds own 61.56% of the company’s stock.

Marcus & Millichap Price Performance

Marcus & Millichap stock opened at $37.73 on Thursday. The firm has a market cap of $1.49 billion, a P/E ratio of 9.65 and a beta of 1.00. The stock’s 50 day moving average is $36.04 and its 200 day moving average is $36.64. Marcus & Millichap, Inc. has a one year low of $31.11 and a one year high of $58.33.

Marcus & Millichap (NYSE:MMIGet Rating) last issued its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.53 earnings per share for the quarter. The business had revenue of $323.84 million during the quarter. Marcus & Millichap had a return on equity of 22.51% and a net margin of 10.32%.

Insiders Place Their Bets

In other Marcus & Millichap news, insider Gregory A. Laberge sold 1,257 shares of Marcus & Millichap stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $36.75, for a total value of $46,194.75. Following the completion of the sale, the insider now directly owns 8,915 shares in the company, valued at $327,626.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Marcus & Millichap news, insider Gregory A. Laberge sold 1,257 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $36.75, for a total value of $46,194.75. Following the completion of the sale, the insider now owns 8,915 shares of the company’s stock, valued at $327,626.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory A. Laberge sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $36.15, for a total value of $54,225.00. Following the completion of the sale, the insider now directly owns 7,415 shares of the company’s stock, valued at approximately $268,052.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,185 shares of company stock worth $290,563. 38.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com assumed coverage on Marcus & Millichap in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Wells Fargo & Company cut their price objective on Marcus & Millichap from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, September 23rd.

Marcus & Millichap Profile

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Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing.

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Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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