Marcus & Millichap Inc. (NYSE:MMI) CEO Hessam Nadji sold 4,500 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $26.79, for a total transaction of $120,555.00. Following the completion of the sale, the chief executive officer now directly owns 355,233 shares of the company’s stock, valued at approximately $9,516,692.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, November 15th, Hessam Nadji sold 4,500 shares of Marcus & Millichap stock. The stock was sold at an average price of $25.58, for a total transaction of $115,110.00.
  • On Wednesday, November 16th, Hessam Nadji sold 13,500 shares of Marcus & Millichap stock. The stock was sold at an average price of $25.90, for a total transaction of $349,650.00.
  • On Friday, August 19th, Hessam Nadji sold 9,000 shares of Marcus & Millichap stock. The stock was sold at an average price of $26.91, for a total transaction of $242,190.00.

Marcus & Millichap Inc. (NYSE:MMI) opened at 26.15 on Friday. The stock has a 50 day moving average price of $24.68 and a 200 day moving average price of $25.73. Marcus & Millichap Inc. has a 1-year low of $18.77 and a 1-year high of $34.94. The firm has a market cap of $983.66 million, a P/E ratio of 15.20 and a beta of 1.53.

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

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

Several brokerages have commented on MMI. Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet raised Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Monday, October 31st.

Hedge funds have recently modified their holdings of the stock. Royce & Associates LP increased its stake in shares of Marcus & Millichap by 48.0% in the second quarter. Royce & Associates LP now owns 2,365,410 shares of the real estate investment trust’s stock worth $60,105,000 after buying an additional 767,478 shares during the period. Oxford Asset Management increased its stake in shares of Marcus & Millichap by 392.2% in the second quarter. Oxford Asset Management now owns 151,296 shares of the real estate investment trust’s stock worth $3,844,000 after buying an additional 120,557 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Marcus & Millichap during the second quarter worth about $173,000. Emerald Acquisition Ltd. acquired a new stake in shares of Marcus & Millichap during the second quarter worth about $995,000. Finally, Societe Generale acquired a new stake in shares of Marcus & Millichap during the second quarter worth about $173,000. Hedge funds and other institutional investors own 34.25% of the company’s stock.

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

Receive News & Stock Ratings for Marcus & Millichap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap Inc. and related stocks with our FREE daily email newsletter.