Tributary Capital Management LLC Decreases Stock Holdings in Marcus & Millichap, Inc. (NYSE:MMI)

Tributary Capital Management LLC trimmed its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 654,205 shares of the real estate investment trust’s stock after selling 770 shares during the quarter. Marcus & Millichap comprises about 1.9% of Tributary Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Tributary Capital Management LLC’s holdings in Marcus & Millichap were worth $25,030,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Reinhart Partners LLC. raised its position in shares of Marcus & Millichap by 7.6% in the 3rd quarter. Reinhart Partners LLC. now owns 1,835,699 shares of the real estate investment trust’s stock valued at $72,749,000 after purchasing an additional 129,333 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Marcus & Millichap in the 2nd quarter valued at approximately $2,543,000. Harbor Capital Advisors Inc. raised its position in shares of Marcus & Millichap by 103.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 149,403 shares of the real estate investment trust’s stock valued at $5,921,000 after purchasing an additional 76,089 shares during the last quarter. Barclays PLC raised its position in shares of Marcus & Millichap by 104.7% in the 3rd quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust’s stock valued at $2,393,000 after purchasing an additional 30,884 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Marcus & Millichap by 2.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 869,669 shares of the real estate investment trust’s stock valued at $34,465,000 after purchasing an additional 24,352 shares during the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

Marcus & Millichap Stock Up 0.7 %

Shares of Marcus & Millichap stock opened at $37.37 on Friday. The company has a 50 day moving average price of $38.74 and a 200 day moving average price of $38.47. Marcus & Millichap, Inc. has a 52 week low of $29.93 and a 52 week high of $42.80.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter. Marcus & Millichap had a negative return on equity of 4.95% and a negative net margin of 5.01%. The business had revenue of $168.51 million for the quarter.

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.