Cambiar Investors LLC Reduces Position in Marcus & Millichap, Inc. (NYSE:MMI)

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

Several other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd acquired a new stake in Marcus & Millichap during the fourth quarter worth about $66,000. BNP Paribas Financial Markets grew its stake in shares of 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 valued at $205,000 after buying an additional 400 shares during the period. Heritage Family Offices LLP grew its stake in shares of Marcus & Millichap by 7.1% in the 4th quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 464 shares during the period. Oppenheimer Asset Management Inc. lifted 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 acquiring an additional 530 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in Marcus & Millichap during the third quarter worth $416,000. 62.78% of the stock is currently owned by institutional investors and hedge funds.

Marcus & Millichap Trading Down 0.1 %

Shares of MMI opened at $37.49 on Wednesday. The firm has a market cap of $1.46 billion, a P/E ratio of -46.29 and a beta of 1.16. The company’s 50-day moving average price is $37.87 and its 200 day moving average price is $38.58. Marcus & Millichap, Inc. has a 12-month low of $29.93 and a 12-month high of $42.80.

Marcus & Millichap Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be given a $0.25 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 12th. Marcus & Millichap’s payout ratio is -61.73%.

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.