Marcus & Millichap Inc. (NYSE:MMI) CEO Hessam Nadji sold 9,000 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $26.06, for a total value of $234,540.00. Following the transaction, the chief executive officer now directly owns 341,733 shares of the company’s stock, valued at approximately $8,905,561.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 value of $115,110.00.
  • On Monday, November 14th, Hessam Nadji sold 4,500 shares of Marcus & Millichap stock. The stock was 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 stock was sold at an average price of $25.90, for a total value of $349,650.00.

Marcus & Millichap Inc. (NYSE:MMI) traded up 0.08% during mid-day trading on Monday, reaching $26.37. The company had a trading volume of 113,370 shares. The company has a market capitalization of $991.93 million, a PE ratio of 15.33 and a beta of 1.53. Marcus & Millichap Inc. has a 1-year low of $18.77 and a 1-year high of $34.94. The firm has a 50-day moving average of $24.71 and a 200 day moving average of $25.77.

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of MMI. BlackRock Institutional Trust Company N.A. increased its position in Marcus & Millichap by 3.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 645,279 shares of the real estate investment trust’s stock worth $16,384,000 after buying an additional 22,896 shares in the last quarter. Oxford Asset Management increased its position in 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 valued at $3,844,000 after buying an additional 120,557 shares during the period. Bank of New York Mellon Corp increased its position in Marcus & Millichap by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 76,064 shares of the real estate investment trust’s stock valued at $1,933,000 after buying an additional 1,273 shares during the period. Emerald Acquisition Ltd. bought a new position in Marcus & Millichap during the second quarter valued at approximately $995,000. Finally, Societe Generale bought a new position in Marcus & Millichap during the second quarter valued at approximately $173,000. 34.43% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Marcus & Millichap from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. TheStreet upgraded Marcus & Millichap from a “hold” rating to a “buy” rating in a research 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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