Pitcairn Co. Purchases 563 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Pitcairn Co. boosted its position in Marcus & Millichap, Inc. (NYSE:MMI) by 4.5% in the first quarter, HoldingsChannel reports. The firm owned 13,005 shares of the real estate investment trust’s stock after buying an additional 563 shares during the quarter. Pitcairn Co.’s holdings in Marcus & Millichap were worth $444,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in Marcus & Millichap by 112.6% in the 4th quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 330 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Marcus & Millichap in the 1st quarter worth about $85,000. Scharf Investments LLC grew its position in shares of Marcus & Millichap by 18.8% during the 1st quarter. Scharf Investments LLC now owns 5,905 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 933 shares during the period. Savant Capital LLC bought a new position in shares of Marcus & Millichap during the 4th quarter valued at approximately $219,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Marcus & Millichap by 8.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,049 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 572 shares during the period. 62.78% of the stock is owned by institutional investors.

Marcus & Millichap Stock Up 2.9 %

MMI traded up $1.12 on Thursday, hitting $39.43. The company’s stock had a trading volume of 119,546 shares, compared to its average volume of 148,193. The company’s 50 day simple moving average is $32.91 and its 200-day simple moving average is $34.32. Marcus & Millichap, Inc. has a 12 month low of $26.81 and a 12 month high of $44.24.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.26) EPS for the quarter. The business had revenue of $129.10 million during the quarter. Marcus & Millichap had a negative return on equity of 5.91% and a negative net margin of 6.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday.

Insider Buying and Selling

In other Marcus & Millichap news, insider Gregory A. Laberge sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $32.68, for a total value of $32,680.00. Following the sale, the insider now directly owns 6,050 shares in the company, valued at approximately $197,714. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marcus & Millichap news, CEO Hessam Nadji sold 15,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $35.27, for a total value of $529,050.00. Following the sale, the chief executive officer now directly owns 224,123 shares in the company, valued at approximately $7,904,818.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory A. Laberge sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $32.68, for a total transaction of $32,680.00. Following the completion of the sale, the insider now owns 6,050 shares in the company, valued at $197,714. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,835 shares of company stock valued at $626,487. Company insiders own 39.20% of the company’s stock.

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, as well as capital markets.