Hessam Nadji Sells 4,500 Shares of Marcus & Millichap Inc (MMI) Stock

Marcus & Millichap Inc (NYSE:MMI) CEO Hessam Nadji sold 4,500 shares of Marcus & Millichap stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $25.85, for a total transaction of $116,325.00. Following the sale, the chief executive officer now owns 331,661 shares of the company’s stock, valued at $8,573,436.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, March 24th, Hessam Nadji sold 9,000 shares of Marcus & Millichap stock. The shares were sold at an average price of $24.17, for a total transaction of $217,530.00.
  • On Tuesday, March 21st, Hessam Nadji sold 4,500 shares of Marcus & Millichap stock. The shares were sold at an average price of $24.97, for a total transaction of $112,365.00.
  • On Wednesday, March 22nd, Hessam Nadji sold 13,500 shares of Marcus & Millichap stock. The shares were sold at an average price of $25.20, for a total transaction of $340,200.00.

Shares of Marcus & Millichap Inc (NYSE:MMI) traded up 1.87% on Thursday, reaching $25.57. 65,589 shares of the company were exchanged. Marcus & Millichap Inc has a 1-year low of $22.93 and a 1-year high of $30.31. The stock has a market capitalization of $973.48 million, a PE ratio of 15.40 and a beta of 1.57. The company has a 50-day moving average price of $25.26 and a 200 day moving average price of $25.82.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Thursday, March 9th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Marcus & Millichap had a return on equity of 31.33% and a net margin of 9.22%. The firm had revenue of $189.20 million for the quarter, compared to analysts’ expectations of $192.93 million. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts forecast that Marcus & Millichap Inc will post $1.58 EPS for the current fiscal year.

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

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A number of institutional investors have recently made changes to their positions in MMI. Catalyst Capital Advisors LLC purchased a new position in shares of Marcus & Millichap during the third quarter valued at about $131,000. Wells Fargo & Company MN boosted its position in shares of 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 period. First Trust Advisors LP purchased a new position in shares of Marcus & Millichap during the third quarter valued at about $368,000. Midas Management Corp purchased a new position in shares of Marcus & Millichap during the third quarter valued at about $393,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Marcus & Millichap during the fourth quarter valued at about $471,000. Hedge funds and other institutional investors own 34.26% of the company’s stock.

A number of brokerages recently issued reports on MMI. Zacks Investment Research upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. William Blair downgraded shares of Marcus & Millichap from an “outperform” rating to a “market perform” rating in a research note on Friday, March 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.00.

About Marcus & Millichap

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

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