Shell Asset Management Co. reduced its holdings in Marcus & Millichap, Inc. (NYSE:MMI – Get Rating) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,864 shares of the real estate investment trust’s stock after selling 1,313 shares during the period. Shell Asset Management Co.’s holdings in Marcus & Millichap were worth $467,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of Marcus & Millichap in the 1st quarter valued at $172,000. Nisa Investment Advisors LLC boosted its holdings in shares of Marcus & Millichap by 1,183.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 12,830 shares of the real estate investment trust’s stock valued at $676,000 after acquiring an additional 11,830 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Marcus & Millichap in the 1st quarter valued at $975,000. Tributary Capital Management LLC boosted its holdings in Marcus & Millichap by 5.0% during the first quarter. Tributary Capital Management LLC now owns 484,128 shares of the real estate investment trust’s stock worth $25,504,000 after buying an additional 23,172 shares in the last quarter. Finally, Chatham Capital Group Inc. boosted its holdings in Marcus & Millichap by 1.4% during the first quarter. Chatham Capital Group Inc. now owns 33,550 shares of the real estate investment trust’s stock worth $1,767,000 after buying an additional 463 shares in the last quarter. 58.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Marcus & Millichap from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th.
Marcus & Millichap Stock Performance
Marcus & Millichap (NYSE:MMI – Get Rating) last posted its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $0.81 earnings per share for the quarter. The company had revenue of $319.46 million during the quarter. Marcus & Millichap had a net margin of 11.19% and a return on equity of 24.65%. During the same quarter in the prior year, the company posted $0.37 earnings per share.
Insiders Place Their Bets
In other Marcus & Millichap news, COO Richard D. Matricaria sold 6,695 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $41.79, for a total transaction of $279,784.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO John David Parker sold 2,447 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $41.00, for a total value of $100,327.00. Following the completion of the sale, the chief operating officer now directly owns 645 shares in the company, valued at $26,445. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Richard D. Matricaria sold 6,695 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $41.79, for a total transaction of $279,784.05. The disclosure for this sale can be found here. 38.80% of the stock is currently owned by company insiders.
Marcus & Millichap Profile
Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing.
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