GAMMA Investing LLC Buys 20,439 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

GAMMA Investing LLC raised its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 4,330.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,911 shares of the real estate investment trust’s stock after buying an additional 20,439 shares during the period. GAMMA Investing LLC owned about 0.05% of Marcus & Millichap worth $720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Marcus & Millichap by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 597,338 shares of the real estate investment trust’s stock valued at $22,859,000 after buying an additional 2,193 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Marcus & Millichap by 4.9% in the 4th 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 buying an additional 18,785 shares during the last quarter. Northern Trust Corp grew its position in shares of Marcus & Millichap by 1.2% in the 4th quarter. Northern Trust Corp now owns 248,750 shares of the real estate investment trust’s stock valued at $9,517,000 after buying an additional 2,858 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Marcus & Millichap by 61.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust’s stock valued at $4,709,000 after buying an additional 46,865 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Marcus & Millichap by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 116,694 shares of the real estate investment trust’s stock valued at $4,465,000 after buying an additional 3,562 shares during the last quarter. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Trading Down 2.3%

NYSE MMI opened at $30.21 on Wednesday. The business’s 50-day moving average price is $30.04 and its two-hundred day moving average price is $34.64. Marcus & Millichap, Inc. has a 12 month low of $27.61 and a 12 month high of $42.80. The firm has a market capitalization of $1.18 billion, a PE ratio of -177.70 and a beta of 1.22.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. The company had revenue of $145.04 million for the quarter, compared to the consensus estimate of $140.20 million. Marcus & Millichap had a negative return on equity of 1.09% and a negative net margin of 0.95%.

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.