Hessam Nadji Sells 15,196 Shares of Marcus & Millichap Inc (MMI) Stock

Marcus & Millichap Inc (NYSE:MMI) CEO Hessam Nadji sold 15,196 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $32.39, for a total transaction of $492,198.44. Following the sale, the chief executive officer now owns 288,727 shares of the company’s stock, valued at approximately $9,351,867.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Wednesday, November 8th, Hessam Nadji sold 18,500 shares of Marcus & Millichap stock. The stock was sold at an average price of $30.40, for a total transaction of $562,400.00.

Shares of Marcus & Millichap Inc (NYSE MMI) opened at $31.65 on Friday. The stock has a market cap of $1,222.79, a PE ratio of 20.55, a P/E/G ratio of 3.27 and a beta of 1.59. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.02. Marcus & Millichap Inc has a 1 year low of $23.22 and a 1 year high of $32.72.

MMI has been the subject of a number of recent analyst reports. Wells Fargo & Co reiterated a “market perform” rating and set a $31.00 target price (up previously from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Citigroup upgraded shares of Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of Marcus & Millichap during the 3rd quarter worth about $636,000. Envestnet Asset Management Inc. increased its position in Marcus & Millichap by 28.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,934 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 3,502 shares in the last quarter. OxFORD Asset Management LLP increased its position in Marcus & Millichap by 18.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 89,001 shares of the real estate investment trust’s stock valued at $2,392,000 after acquiring an additional 13,572 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Marcus & Millichap by 12.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 873,709 shares of the real estate investment trust’s stock valued at $23,581,000 after acquiring an additional 94,285 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Marcus & Millichap by 5.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 54,008 shares of the real estate investment trust’s stock valued at $1,458,000 after acquiring an additional 2,629 shares in the last quarter. Institutional investors and hedge funds own 41.01% of the company’s stock.

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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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