Marcus & Millichap, Inc. (NYSE:MMI) CEO Hessam Nadji Sells 13,241 Shares

Marcus & Millichap, Inc. (NYSE:MMI) CEO Hessam Nadji sold 13,241 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $40.18, for a total transaction of $532,023.38. Following the sale, the chief executive officer now directly owns 209,782 shares in the company, valued at $8,429,040.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 26th, Hessam Nadji sold 659 shares of Marcus & Millichap stock. The shares were sold at an average price of $40.33, for a total value of $26,577.47.
• On Thursday, July 25th, Hessam Nadji sold 800 shares of Marcus & Millichap stock. The shares were sold at an average price of $40.03, for a total value of $32,024.00.
• On Friday, July 12th, Hessam Nadji sold 15,000 shares of Marcus & Millichap stock. The shares were sold at an average price of $35.27, for a total value of $529,050.00.

Marcus & Millichap Price Performance

MMI opened at $38.85 on Thursday. The firm has a fifty day moving average price of $36.05 and a 200 day moving average price of $34.42. Marcus & Millichap, Inc. has a 1 year low of $26.81 and a 1 year high of $44.24. The stock has a market cap of $1.50 billion, a P/E ratio of -38.85 and a beta of 1.12.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Marcus & Millichap had a negative net margin of 6.16% and a negative return on equity of 5.91%. The business had revenue of $158.37 million during the quarter.

Marcus & Millichap Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a yield of 1.3%. Marcus & Millichap’s dividend payout ratio is currently -50.00%.

Institutional Trading of Marcus & Millichap

Several institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its stake in Marcus & Millichap by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 300 shares during the period. Signaturefd LLC raised its position in shares of Marcus & Millichap by 112.6% during the 4th quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 330 shares during the last quarter. Natixis Advisors LLC lifted its stake in Marcus & Millichap by 2.1% in the 2nd quarter. Natixis Advisors LLC now owns 18,482 shares of the real estate investment trust’s stock valued at $583,000 after buying an additional 374 shares in the last quarter. LRI Investments LLC boosted its stake in shares of Marcus & Millichap by 11.0% in the second quarter. LRI Investments LLC now owns 4,706 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 468 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in Marcus & Millichap by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 21,744 shares of the real estate investment trust’s stock valued at $685,000 after purchasing an additional 473 shares in the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised 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.