Marcus & Millichap Inc. (NYSE:MMI) CEO Hessam Nadji sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $25.58, for a total value of $115,110.00. Following the completion of the sale, the chief executive officer now directly owns 355,233 shares of the company’s stock, valued at $9,086,860.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hessam Nadji also recently made the following trade(s):

  • On Monday, November 14th, Hessam Nadji sold 4,500 shares of Marcus & Millichap stock. The shares were sold at an average price of $26.79, for a total value of $120,555.00.
  • On Wednesday, November 16th, Hessam Nadji sold 13,500 shares of Marcus & Millichap stock. The shares were sold at an average price of $25.90, for a total value of $349,650.00.
  • On Friday, August 19th, Hessam Nadji sold 9,000 shares of Marcus & Millichap stock. The shares were sold at an average price of $26.91, for a total value of $242,190.00.

Marcus & Millichap Inc. (NYSE:MMI) traded up 2.48% during trading on Thursday, reaching $26.06. The company’s stock had a trading volume of 46,564 shares. The company has a market cap of $980.27 million, a price-to-earnings ratio of 15.15 and a beta of 1.53. Marcus & Millichap Inc. has a 12 month low of $18.77 and a 12 month high of $34.94. The stock’s 50 day moving average is $24.66 and its 200 day moving average is $25.73.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company earned $180.63 million during the quarter, compared to analyst estimates of $169.80 million. Marcus & Millichap had a return on equity of 31.33% and a net margin of 9.22%. Marcus & Millichap’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. On average, equities analysts expect that Marcus & Millichap Inc. will post $1.70 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

Several institutional investors have recently added to or reduced their stakes in MMI. Bank of Montreal Can acquired a new position in Marcus & Millichap during the second quarter valued at about $122,000. Catalyst Capital Advisors LLC acquired a new position in Marcus & Millichap during the third quarter valued at about $131,000. Wells Fargo & Company MN increased its position in Marcus & Millichap by 5.6% in the third quarter. Wells Fargo & Company MN now owns 5,622 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 300 shares during the last quarter. Societe Generale purchased a new position in Marcus & Millichap during the second quarter valued at approximately $173,000. Finally, SG Americas Securities LLC purchased a new position in Marcus & Millichap during the second quarter valued at approximately $173,000. 34.25% of the stock is owned by institutional investors.

Several analysts recently weighed in on MMI shares. Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. TheStreet raised Marcus & Millichap from a “hold” rating to a “buy” rating in a report on Monday, October 31st.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. The Company also offers market research, consulting and advisory services to its clients. It also offers two services to its clients, such as commercial real estate investment brokerage, and financing and ancillary services.

5 Day Chart for NYSE:MMI

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