Marcus & Millichap, Inc. (NYSE:MMI) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC cut its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,914 shares of the real estate investment trust’s stock after selling 4,285 shares during the period. Cambiar Investors LLC owned 0.13% of Marcus & Millichap worth $1,910,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Marcus & Millichap during the 4th quarter worth about $66,000. BNP Paribas Financial Markets raised its holdings in Marcus & Millichap by 8.4% in 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 period. 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. Oppenheimer Asset Management Inc. grew its holdings in Marcus & Millichap by 6.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 530 shares during the period. Finally, Inspire Investing LLC purchased a new stake in shares of Marcus & Millichap in the third quarter valued at approximately $416,000. Institutional investors and hedge funds own 62.78% of the company’s stock.

Marcus & Millichap Price Performance

Shares of MMI stock opened at $37.49 on Wednesday. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -46.29 and a beta of 1.16. The stock has a 50 day simple moving average of $37.87 and a 200-day simple moving average of $38.58.

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 given a dividend of $0.25 per share. This represents a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 12th. Marcus & Millichap’s dividend payout ratio is presently -61.73%.

Marcus & Millichap Company 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.