Royce & Associates Updates MMI Stake to 1.94M Shares
Ticker: MMI · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1578732
| Field | Detail |
|---|---|
| Company | Marcus & Millichap, Inc. (MMI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Royce & Associates now holds 1.94M shares of MMI, signaling a notable institutional stake.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended Schedule 13G/A on January 23, 2024, indicating a change in their beneficial ownership of Marcus & Millichap Inc. common stock as of December 31, 2023. They now report sole voting and sole dispositive power over 1,944,058 shares. This filing is important for investors as it shows a significant institutional holder's updated position, which can influence market perception and potentially the stock's liquidity.
Why It Matters
This filing shows a major institutional investor's updated position in Marcus & Millichap, which can signal their ongoing confidence or changing strategy regarding the company's future performance.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not inherently present a high risk to the company or its shareholders.
Analyst Insight
Investors should note that a prominent institutional investor, Royce & Associates, LP, continues to hold a substantial position in Marcus & Millichap Inc. This indicates continued institutional interest, but the filing itself doesn't suggest an immediate buy or sell action. It's a data point for understanding institutional ownership structure.
Key Numbers
- 1,944,058 — Shares Beneficially Owned (Represents the total number of Marcus & Millichap Inc. common shares Royce & Associates, LP has sole voting and dispositive power over as of December 31, 2023.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Marcus & Millichap Inc. (company) — the issuer of the securities
- 1,944,058 (dollar_amount) — number of shares beneficially owned by Royce & Associates, LP
- December 31, 2023 (date) — date of the event requiring the filing
- January 23, 2024 (date) — date the filing was made
Forward-Looking Statements
- Royce & Associates, LP will maintain a significant, passive stake in Marcus & Millichap Inc. for the foreseeable future. (Royce & Associates, LP) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own more than 5% of a company's stock. The '/A' indicates it's an amendment to update previously reported information, such as a change in their ownership percentage or other details, as seen with Royce & Associates, LP's updated stake in Marcus & Millichap Inc. as of December 31, 2023.
Who is the reporting person in this filing?
The reporting person in this filing is Royce & Associates, LP, an investment firm with IRS Identification No. 52-2343049, located at 745 Fifth Avenue, New York, NY.
What company's stock is the subject of this filing?
The subject company is Marcus & Millichap Inc., a real estate agents & managers firm, with CIK 0001578732 and CUSIP Number 566324109.
How many shares does Royce & Associates, LP beneficially own according to this filing?
According to this Amendment No. 7, Royce & Associates, LP beneficially owns 1,944,058 shares of Marcus & Millichap Inc. common stock, with both sole voting power and sole dispositive power over these shares as of December 31, 2023.
When was the event date that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Marcus & Millichap, Inc. (MMI).