4,238 Shares in Marcus & Millichap, Inc. (NYSE:MMI) Acquired by LRI Investments LLC

LRI Investments LLC purchased a new stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,238 shares of the real estate investment trust’s stock, valued at approximately $143,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Marcus & Millichap during the 1st quarter worth about $85,000. Pitcairn Co. lifted its position in Marcus & Millichap by 4.5% during the first quarter. Pitcairn Co. now owns 13,005 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 563 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Marcus & Millichap by 7.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,238 shares of the real estate investment trust’s stock worth $1,100,000 after acquiring an additional 2,241 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Marcus & Millichap during the first quarter worth approximately $352,000. Finally, US Bancorp DE grew its position in shares of Marcus & Millichap by 16.4% in the first quarter. US Bancorp DE now owns 11,817 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 1,661 shares during the last quarter. 62.78% of the stock is owned by institutional investors.

Marcus & Millichap Trading Up 1.1 %

Shares of Marcus & Millichap stock traded up $0.44 during trading on Friday, reaching $39.87. The company’s stock had a trading volume of 82,094 shares, compared to its average volume of 136,872. Marcus & Millichap, Inc. has a 52 week low of $26.81 and a 52 week high of $44.24. The business’s 50-day moving average price is $33.08 and its 200-day moving average price is $34.34.

Marcus & Millichap (NYSE:MMI) last announced its earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.26) EPS for the quarter. Marcus & Millichap had a negative return on equity of 5.91% and a negative net margin of 6.16%. The business had revenue of $129.10 million for the quarter.

Insider Buying and Selling

In other news, insider Gregory A. Laberge sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $32.68, for a total transaction of $32,680.00. Following the completion of the sale, the insider now directly owns 6,050 shares in the company, valued at approximately $197,714. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Gregory A. Laberge sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $32.68, for a total transaction of $32,680.00. Following the completion of the sale, the insider now owns 6,050 shares of the company’s stock, valued at $197,714. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hessam Nadji sold 800 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $40.03, for a total transaction of $32,024.00. Following the completion of the transaction, the chief executive officer now directly owns 223,323 shares in the company, valued at $8,939,619.69. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock valued at $658,511 over the last 90 days. 39.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday.

Marcus & Millichap Profile

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.