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

Proficio Capital Partners LLC bought a new stake in Marcus & Millichap, Inc. (NYSE:MMI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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.

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in Marcus & Millichap during the fourth quarter worth $66,000. BNP Paribas Financial Markets boosted its position in Marcus & Millichap by 8.4% during the third 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 in the last quarter. Heritage Family Offices LLP boosted its position in Marcus & Millichap by 7.1% during the fourth 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 in the last quarter. Handelsbanken Fonder AB boosted its position in Marcus & Millichap by 11.6% during the fourth 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Marcus & Millichap by 6.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 530 shares in the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Insider Activity

In other Marcus & Millichap news, insider Gregory A. Laberge sold 828 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $38.26, for a total transaction of $31,679.28. Following the completion of the sale, the insider now owns 5,222 shares in the company, valued at $199,793.72. This trade represents a 13.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.20% of the company’s stock.

Marcus & Millichap Stock Down 3.6 %

Shares of NYSE:MMI opened at $37.37 on Friday. Marcus & Millichap, Inc. has a 52-week low of $29.93 and a 52-week high of $42.80. The stock’s fifty day simple moving average is $37.45 and its 200-day simple moving average is $38.61. The company has a market capitalization of $1.45 billion, a P/E ratio of -116.78 and a beta of 1.15.

Marcus & Millichap (NYSE:MMI) last released its 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 firm had revenue of $240.08 million for the quarter. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. During the same quarter last year, the company posted ($0.27) earnings per share.

Marcus & Millichap Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 1.3%. Marcus & Millichap’s dividend payout ratio (DPR) is currently -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.