Hessam Nadji Sells 18,500 Shares of Marcus & Millichap, Inc. (MMI) Stock

Marcus & Millichap, Inc. (NYSE:MMI) CEO Hessam Nadji sold 18,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $30.40, for a total value of $562,400.00. Following the completion of the transaction, the chief executive officer now owns 303,923 shares of the company’s stock, valued at approximately $9,239,259.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Marcus & Millichap, Inc. (NYSE MMI) opened at $30.65 on Wednesday. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1,139.27, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 3.29 and a beta of 1.55. Marcus & Millichap, Inc. has a twelve month low of $23.22 and a twelve month high of $31.37.

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Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Marcus & Millichap during the second quarter valued at $101,000. Legal & General Group Plc increased its holdings in shares of Marcus & Millichap by 1.1% during the first quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 57 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Marcus & Millichap by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 5,958 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 831 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Marcus & Millichap by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 904 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Marcus & Millichap by 7.1% during the first quarter. American International Group Inc. now owns 8,946 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 41.57% of the company’s stock.

A number of equities analysts have issued reports on the company. Citigroup Inc. upgraded Marcus & Millichap from a “neutral” rating to a “buy” rating in a report on Tuesday. BidaskClub upgraded Marcus & Millichap from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $31.00 price objective (up previously from $25.00) on shares of Marcus & Millichap in a report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.00.

Marcus & Millichap Company Profile

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.

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

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