Hessam Nadji Sells 500 Shares of Marcus & Millichap (NYSE:MMI) Stock

Marcus & Millichap, Inc. (NYSE:MMI) CEO Hessam Nadji sold 500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.39, for a total transaction of $15,195.00. Following the transaction, the chief executive officer owned 480 shares of the company’s stock, valued at approximately $14,587.20. This trade represents a 51.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Marcus & Millichap Stock Down 0.5%

NYSE MMI opened at $30.18 on Friday. The firm has a market cap of $1.14 billion, a PE ratio of -3,014.79 and a beta of 1.25. The company has a 50 day moving average price of $28.46 and a 200 day moving average price of $27.48. Marcus & Millichap, Inc. has a 52 week low of $24.43 and a 52 week high of $33.62.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $171.47 million during the quarter, compared to analyst estimates of $162.20 million. Marcus & Millichap had a negative net margin of 0.08% and a positive return on equity of 0.43%. Marcus & Millichap’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MMI shares. Wall Street Zen lowered shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Marcus & Millichap from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Sell” and an average target price of $28.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MMI. AQR Capital Management LLC increased its stake in Marcus & Millichap by 42.8% during the 1st quarter. AQR Capital Management LLC now owns 13,702 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 4,110 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Marcus & Millichap by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,952 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Marcus & Millichap by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,339 shares of the real estate investment trust’s stock worth $2,664,000 after acquiring an additional 8,369 shares during the period. Jane Street Group LLC increased its stake in shares of Marcus & Millichap by 325.7% in the first quarter. Jane Street Group LLC now owns 43,091 shares of the real estate investment trust’s stock worth $1,484,000 after acquiring an additional 32,968 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Marcus & Millichap in the first quarter worth $145,000. Institutional investors and hedge funds own 62.78% of the company’s stock.

Marcus & Millichap Company Profile

Marcus & Millichap (NYSE: MMI) is a leading commercial real estate brokerage firm focused on investment sales, financing, research and advisory services. Founded in 1971 by George M. Marcus and William A. Millichap, the company has grown to specialize in the marketing of multifamily, retail, office, industrial, hospitality and other commercial property types. Through an extensive network of investment specialists, Marcus & Millichap connects property owners and investors with tailored transactions across a range of asset classes.

The firm offers comprehensive capital markets solutions, including debt and equity placement, structured finance, and customized financing programs.