Marcus & Millichap, Inc. (NYSE:MMI – Get Free Report) insider Gregory A. Laberge sold 2,915 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total value of $101,383.70. Following the completion of the transaction, the insider now directly owns 2,307 shares of the company’s stock, valued at $80,237.46. The trade was a 55.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Marcus & Millichap Trading Up 0.1 %
NYSE MMI opened at $34.97 on Thursday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -109.27 and a beta of 1.15. Marcus & Millichap, Inc. has a twelve month low of $29.93 and a twelve month high of $42.80. The stock has a 50-day moving average of $37.27 and a 200 day moving average of $38.54.
Marcus & Millichap (NYSE:MMI – Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.28. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. The business had revenue of $240.08 million during the quarter. During the same quarter last year, the company earned ($0.27) earnings per share.
Marcus & Millichap Announces Dividend
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Marcus & Millichap by 6.3% in the third quarter. Janney Montgomery Scott LLC now owns 23,421 shares of the real estate investment trust’s stock valued at $928,000 after acquiring an additional 1,392 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Marcus & Millichap by 6.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 530 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Marcus & Millichap by 0.3% during the third quarter. Royce & Associates LP now owns 2,303,153 shares of the real estate investment trust’s stock worth $91,274,000 after purchasing an additional 6,000 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Marcus & Millichap by 15.7% during the third quarter. Natixis Advisors LLC now owns 21,377 shares of the real estate investment trust’s stock worth $847,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Marcus & Millichap by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 384,775 shares of the real estate investment trust’s stock worth $15,249,000 after buying an additional 12,401 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors and hedge funds.
About Marcus & Millichap
Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.
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