Savant Capital LLC Buys Shares of 5,012 Marcus & Millichap, Inc. (NYSE:MMI)

Savant Capital LLC purchased a new position in shares of Marcus & Millichap, Inc. (NYSE:MMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,012 shares of the real estate investment trust’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMI. Signaturefd LLC boosted its stake in Marcus & Millichap by 112.6% during the fourth quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 330 shares during the period. Quantbot Technologies LP purchased a new position in shares of Marcus & Millichap during the 3rd quarter worth approximately $75,000. Scharf Investments LLC acquired a new stake in Marcus & Millichap in the 4th quarter valued at approximately $217,000. Lido Advisors LLC acquired a new position in Marcus & Millichap during the third quarter worth $242,000. Finally, Vest Financial LLC purchased a new position in shares of Marcus & Millichap during the fourth quarter worth $255,000. Institutional investors and hedge funds own 62.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Marcus & Millichap Stock Performance

Shares of MMI opened at $33.37 on Wednesday. The company’s 50-day simple moving average is $33.10 and its 200-day simple moving average is $35.21. Marcus & Millichap, Inc. has a 1 year low of $26.81 and a 1 year high of $44.24. The stock has a market capitalization of $1.28 billion, a PE ratio of -37.49 and a beta of 1.20.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.01. Marcus & Millichap had a negative net margin of 5.27% and a negative return on equity of 5.16%. The company had revenue of $166.24 million for the quarter.

Marcus & Millichap Dividend Announcement

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

Insider Buying and Selling

In other news, COO Richard D. Matricaria sold 9,500 shares of Marcus & Millichap stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $33.32, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO John David Parker sold 9,716 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $32.83, for a total value of $318,976.28. Following the transaction, 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 is available at this link. Also, COO Richard D. Matricaria sold 9,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $33.32, for a total transaction 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 $235,838.96. The disclosure for this sale can be found here. 39.89% of the stock is owned by insiders.

Marcus & Millichap Company Profile

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.