Marcus & Millichap, Inc. (NYSE:MMI) Short Interest Update

Marcus & Millichap, Inc. (NYSE:MMI) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 301,400 shares, a drop of 18.3% from the January 31st total of 369,100 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 91,600 shares, the short-interest ratio is presently 3.3 days.

Insider Activity at Marcus & Millichap

In other Marcus & Millichap news, insider Gregory A. Laberge sold 828 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $38.26, for a total transaction of $31,679.28. Following the transaction, the insider now owns 5,222 shares in the company, valued at approximately $199,793.72. This represents a 13.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marcus & Millichap

A number of large investors have recently made changes to their positions in MMI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Marcus & Millichap by 10.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,970 shares of the real estate investment trust’s stock valued at $2,639,000 after buying an additional 6,448 shares during the period. Two Sigma Investments LP purchased a new position in shares of Marcus & Millichap during the 4th quarter worth $230,000. Two Sigma Advisers LP grew its position in shares of Marcus & Millichap by 126.8% during the 4th quarter. Two Sigma Advisers LP now owns 12,700 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 7,100 shares during the period. State of Wyoming purchased a new stake in shares of Marcus & Millichap in the 4th quarter worth $156,000. Finally, Toronto Dominion Bank bought a new position in Marcus & Millichap in the 4th quarter worth $413,000. 62.78% of the stock is currently owned by institutional investors.

Marcus & Millichap Stock Performance

Shares of MMI traded up $0.95 during mid-day trading on Wednesday, hitting $39.53. 144,541 shares of the company traded hands, compared to its average volume of 98,796. Marcus & Millichap has a 1 year low of $29.93 and a 1 year high of $42.80. The stock has a 50-day moving average price of $37.44 and a two-hundred day moving average price of $38.60. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -123.54 and a beta of 1.16.

Marcus & Millichap (NYSE:MMI) last announced its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.28. The business had revenue of $240.08 million during the quarter. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. During the same quarter in the prior year, the firm posted ($0.27) earnings per share.

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 issued 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 dividend payout ratio is -156.25%.

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.