Marcus & Millichap, Inc. (NYSE:MMI) CEO Sells $32,024.00 in Stock

Marcus & Millichap, Inc. (NYSE:MMI) CEO Hessam Nadji sold 800 shares of Marcus & Millichap stock in a transaction dated Thursday, July 25th. The stock was 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 of the company’s stock, valued at $8,939,619.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, July 12th, Hessam Nadji sold 15,000 shares of Marcus & Millichap stock. The stock was sold at an average price of $35.27, for a total transaction of $529,050.00.

Marcus & Millichap Stock Performance

Shares of Marcus & Millichap stock opened at $39.87 on Monday. The stock has a market capitalization of $1.54 billion, a PE ratio of -39.87 and a beta of 1.12. Marcus & Millichap, Inc. has a 52-week low of $26.81 and a 52-week high of $44.24. The company has a 50-day simple moving average of $33.08 and a two-hundred day simple moving average of $34.31.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Marcus & Millichap by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,841,718 shares of the real estate investment trust’s stock valued at $167,806,000 after purchasing an additional 37,821 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of Marcus & Millichap by 16.1% during the second quarter. Reinhart Partners LLC. now owns 1,706,366 shares of the real estate investment trust’s stock valued at $53,785,000 after purchasing an additional 236,324 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Marcus & Millichap by 2.4% during the fourth quarter. Schroder Investment Management Group now owns 1,099,876 shares of the real estate investment trust’s stock valued at $48,043,000 after purchasing an additional 25,982 shares during the last quarter. Tributary Capital Management LLC raised its holdings in shares of Marcus & Millichap by 10.6% during the first quarter. Tributary Capital Management LLC now owns 658,266 shares of the real estate investment trust’s stock valued at $22,493,000 after purchasing an additional 62,946 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Marcus & Millichap by 13.6% during the fourth quarter. First Trust Advisors LP now owns 612,983 shares of the real estate investment trust’s stock valued at $26,775,000 after purchasing an additional 73,351 shares during the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th.

Marcus & Millichap Company 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.