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

Tributary Capital Management LLC decreased its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 654,205 shares of the real estate investment trust’s stock after selling 770 shares during the period. Marcus & Millichap makes up about 1.9% of Tributary Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Tributary Capital Management LLC owned 1.69% of Marcus & Millichap worth $25,030,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Marcus & Millichap by 8.4% during the third quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 400 shares during the last quarter. Hsbc Holdings PLC bought a new position in Marcus & Millichap during the second quarter valued at $212,000. Heritage Family Offices LLP grew its holdings in shares of Marcus & Millichap by 7.1% in the fourth quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 464 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of 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 worth $343,000 after purchasing an additional 530 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Marcus & Millichap in the third quarter worth about $416,000. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Stock Performance

NYSE MMI opened at $37.37 on Friday. The company’s 50-day moving average price is $38.74 and its 200-day moving average price is $38.47. Marcus & Millichap, Inc. has a 12 month low of $29.93 and a 12 month 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) EPS for the quarter. The company had revenue of $168.51 million during the quarter. Marcus & Millichap had a negative return on equity of 4.95% and a negative net margin of 5.01%.

About Marcus & Millichap

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.