O Brien Greene & Co. Inc Buys Shares of 6,500 Marcus & Millichap Inc (NYSE:MMI)

O Brien Greene & Co. Inc bought a new stake in shares of Marcus & Millichap Inc (NYSE:MMI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,500 shares of the real estate investment trust’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MMI. Pitcairn Co. increased its stake in shares of Marcus & Millichap by 3.6% in the fourth quarter. Pitcairn Co. now owns 8,286 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 285 shares during the period. Advisor Group Inc. increased its stake in shares of Marcus & Millichap by 8.5% in the fourth quarter. Advisor Group Inc. now owns 4,590 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 359 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Marcus & Millichap by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,079 shares of the real estate investment trust’s stock worth $689,000 after purchasing an additional 376 shares during the period. Victory Capital Management Inc. increased its stake in shares of Marcus & Millichap by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 17,587 shares of the real estate investment trust’s stock worth $604,000 after purchasing an additional 684 shares during the period. Finally, Summit Global Investments increased its stake in shares of Marcus & Millichap by 3.7% in the fourth quarter. Summit Global Investments now owns 19,600 shares of the real estate investment trust’s stock worth $673,000 after purchasing an additional 700 shares during the period. Institutional investors own 58.19% of the company’s stock.

MMI has been the topic of a number of recent research reports. Zacks Investment Research downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine raised Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th.

NYSE MMI traded up $0.12 during trading on Friday, reaching $42.39. 122,062 shares of the company traded hands, compared to its average volume of 207,178. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 3.31 and a beta of 1.25. Marcus & Millichap Inc has a 1-year low of $30.66 and a 1-year high of $43.33.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $230.30 million for the quarter, compared to the consensus estimate of $209.75 million. Marcus & Millichap had a return on equity of 23.51% and a net margin of 10.71%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. On average, analysts predict that Marcus & Millichap Inc will post 2.14 earnings per share for the current year.

In other news, VP Mitchell R. Labar sold 787 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $38.46, for a total value of $30,268.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martin E. Louie sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $39.98, for a total value of $279,860.00. Following the completion of the transaction, the chief financial officer now directly owns 78,964 shares in the company, valued at $3,156,980.72. The disclosure for this sale can be found here. Insiders sold a total of 26,914 shares of company stock worth $1,056,297 over the last three months. 41.70% of the stock is owned by company insiders.

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Marcus & Millichap Company Profile

Marcus & Millichap, Inc, a 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, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.

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Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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