2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its position in Marcus & Millichap, Inc. ( NYSE:MMI – Free Report ) by 3.
4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,676 shares of the real estate investment trust’s stock after purchasing an additional 3,776 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Marcus & Millichap were worth $4,388,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds also recently made changes to their positions in MMI. Wells Fargo & Company MN increased its position in Marcus & Millichap by 9.
9% in the 4th quarter. Wells Fargo & Company MN now owns 76,024 shares of the real estate investment trust’s stock valued at $2,909,000 after acquiring an additional 6,832 shares during the period. Geode Capital Management LLC grew its stake in shares of Marcus & Millichap by 0.
4% in the fourth quarter. Geode Capital Management LLC now owns 597,338 shares of the real estate investment trust’s stock worth $22,859,000 after purchasing an additional 2,193 shares in the last quarter. Alliancebernstein L.
P. grew its stake in shares of Marcus & Millichap by 0.9% in the fourth quarter.
Alliancebernstein L.P. now owns 33,801 shares of the real estate investment trust’s stock worth $1,293,000 after purchasing an additional 289 shares in the last quarter.
Arrowstreet Capital Limited Partnership increased its holdings in shares of Marcus & Millichap by 5.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 421 shares during the period.
Finally, Norges Bank bought a new stake in shares of Marcus & Millichap during the fourth quarter valued at about $2,727,000. Institutional investors own 62.78% of the company’s stock.
Insider Activity In related news, insider Gregory A. Laberge sold 828 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 5,222 shares of the company’s stock, valued at $199,793.
72. This trade represents a 13.69 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available through the SEC website . 39.20% of the stock is owned by insiders.
Marcus & Millichap Stock Up 0.2 % Marcus & Millichap ( NYSE:MMI – Get Free Report ) last issued its quarterly earnings results on Friday, February 14th. The real estate investment trust reported $0.
22 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $240.08 million during the quarter. During the same period in the prior year, the company posted ($0.
27) earnings per share. Marcus & Millichap Announces Dividend The company also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.
25 per share. This represents a yield of 1.3%.
The ex-dividend date was Wednesday, March 12th. Marcus & Millichap’s payout ratio is currently -156.25%.
Marcus & Millichap Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding MMI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Marcus & Millichap, Inc. ( NYSE:MMI – Free Report ). Receive News & Ratings for Marcus & Millichap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap and related companies with MarketBeat.
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