SG Americas Securities LLC Increases Stake in Marcus & Millichap, Inc. (NYSE:MMI)

SG Americas Securities LLC grew its holdings in Marcus & Millichap, Inc. (NYSE:MMIFree Report) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,395 shares of the real estate investment trust’s stock after buying an additional 1,235 shares during the quarter. SG Americas Securities LLC’s holdings in Marcus & Millichap were worth $760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MMI. Point72 Hong Kong Ltd acquired a new position in Marcus & Millichap during the second quarter worth $58,000. Captrust Financial Advisors boosted its stake in 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 buying an additional 342 shares during the last quarter. Quantbot Technologies LP acquired a new position in Marcus & Millichap during the third quarter worth $75,000. Tower Research Capital LLC TRC boosted its stake in Marcus & Millichap by 446.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,783 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 2,274 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Marcus & Millichap by 49.9% during the second quarter. Royal Bank of Canada now owns 2,843 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 946 shares during the last quarter. 62.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marcus & Millichap

In related news, COO Richard D. Matricaria sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total value of $316,540.00. Following the completion of the sale, the chief operating officer now directly owns 7,078 shares of the company’s stock, valued at approximately $235,838.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Marcus & Millichap news, COO John David Parker sold 9,716 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $32.83, for a total transaction of $318,976.28. Following the completion of the sale, the chief operating officer now directly owns 12,376 shares of the company’s stock, valued at approximately $406,304.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Richard D. Matricaria sold 9,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total value of $316,540.00. Following the transaction, the chief operating officer now directly owns 7,078 shares of the company’s stock, valued at $235,838.96. The disclosure for this sale can be found here. Insiders own 39.89% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Marcus & Millichap from a “hold” rating to a “sell” rating in a research note on Monday, March 25th.

Check Out Our Latest Analysis on MMI

Marcus & Millichap Stock Down 3.1 %

Shares of Marcus & Millichap stock opened at $32.54 on Wednesday. Marcus & Millichap, Inc. has a 52 week low of $26.81 and a 52 week high of $44.24. The business’s fifty day simple moving average is $35.92 and its 200-day simple moving average is $34.68. The firm has a market cap of $1.25 billion, a PE ratio of -36.56 and a beta of 1.20.

Marcus & Millichap (NYSE:MMIGet Free Report) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.01. Marcus & Millichap had a negative return on equity of 5.16% and a negative net margin of 5.27%. The firm had revenue of $166.24 million for the quarter.

Marcus & Millichap Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, March 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a dividend yield of 1.3%. Marcus & Millichap’s dividend payout ratio (DPR) is presently -56.18%.

About Marcus & Millichap

(Free Report)

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, as well as capital markets.

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

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