Proficio Capital Partners LLC Invests $830,000 in Marcus & Millichap, Inc. (NYSE:MMI)

Proficio Capital Partners LLC bought a new position in shares of Marcus & Millichap, Inc. (NYSE:MMI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,693 shares of the real estate investment trust’s stock, valued at approximately $830,000. Proficio Capital Partners LLC owned 0.06% of Marcus & Millichap at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 400 shares during the last quarter. Heritage Family Offices LLP lifted its holdings in Marcus & Millichap by 7.1% during the 4th quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 464 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Marcus & Millichap by 11.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,666 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 900 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Marcus & Millichap by 12.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,686 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 1,035 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Marcus & Millichap by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,522 shares of the real estate investment trust’s stock worth $2,478,000 after purchasing an additional 1,120 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors.

Marcus & Millichap Trading Down 1.1 %

NYSE:MMI opened at $35.40 on Friday. The stock has a market cap of $1.39 billion, a P/E ratio of -110.62 and a beta of 1.15. The stock has a 50 day simple moving average of $37.15 and a 200 day simple moving average of $38.34. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80.

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

Marcus & Millichap Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 1.3%. Marcus & Millichap’s dividend payout ratio is presently -156.25%.

Insider Buying and Selling at Marcus & Millichap

In other Marcus & Millichap news, insider Gregory A. Laberge sold 2,915 shares of Marcus & Millichap stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total value of $101,383.70. Following the completion of the transaction, the insider now directly owns 2,307 shares of the company’s stock, valued at $80,237.46. The trade was a 55.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.20% of the company’s stock.

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.