LPL Financial LLC Has $507,000 Stake in Marcus & Millichap, Inc. (NYSE:MMI)

LPL Financial LLC boosted its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,256 shares of the real estate investment trust’s stock after purchasing an additional 1,999 shares during the quarter. LPL Financial LLC’s holdings in Marcus & Millichap were worth $507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Marcus & Millichap by 104.7% during the 3rd quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust’s stock worth $2,393,000 after buying an additional 30,884 shares during the period. Proficio Capital Partners LLC bought a new stake in Marcus & Millichap during the fourth quarter valued at about $830,000. Amundi grew its position in shares of Marcus & Millichap by 195.4% in the fourth quarter. Amundi now owns 11,687 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 7,730 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Marcus & Millichap by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust’s stock valued at $15,440,000 after purchasing an additional 18,785 shares during the last quarter. Finally, Reinhart Partners LLC. increased its stake in shares of Marcus & Millichap by 4.0% in the fourth quarter. Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust’s stock worth $73,057,000 after purchasing an additional 73,792 shares during the period. Institutional investors and hedge funds own 62.78% of the company’s stock.

Insider Activity

In related news, insider Gregory A. Laberge sold 2,915 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total transaction of $101,383.70. Following the transaction, the insider now directly owns 2,307 shares in the company, valued at $80,237.46. The trade was a 55.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 39.20% of the stock is owned by company insiders.

Marcus & Millichap Stock Up 0.7 %

Shares of NYSE:MMI opened at $30.91 on Friday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -96.59 and a beta of 1.17. The business has a 50 day moving average price of $34.57 and a 200 day moving average price of $37.15. Marcus & Millichap, Inc. has a twelve month low of $29.36 and a twelve month high of $42.80.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.28. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. The business had revenue of $240.08 million for the quarter. During the same quarter in the previous year, the business posted ($0.27) EPS.

Marcus & Millichap Dividend Announcement

The business 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 payout ratio is -156.25%.

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.