Today, Marcus & Millichap Inc. (MMI) SVP Sold $151,305.00 in Stock

Today, Marcus & Millichap Inc. (MMI) SVP Sold $151,305.00 in Stock

Marcus & Millichap Inc. (NYSE:MMI) SVP William E. Hughes sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $27.51, for a total transaction of $151,305.00. Following the completion of the transaction, the senior vice president now directly owns 40,540 shares in the company, valued at $1,115,255.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Marcus & Millichap Inc. (NYSE:MMI) traded up 0.25% during trading on Monday, hitting $27.59. 90,078 shares of the stock were exchanged. The stock has a market cap of $1.04 billion, a P/E ratio of 16.04 and a beta of 1.53. Marcus & Millichap Inc. has a 52 week low of $18.77 and a 52 week high of $32.99. The firm’s 50 day moving average price is $24.91 and its 200-day moving average price is $25.82.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business earned $180.63 million during the quarter, compared to analysts’ expectations of $169.80 million. Marcus & Millichap had a net margin of 9.22% and a return on equity of 31.33%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. On average, analysts predict that Marcus & Millichap Inc. will post $1.70 EPS for the current year.

A number of brokerages have issued reports on MMI. Zacks Investment Research raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, November 8th. TheStreet raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Monday, October 31st.

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in Marcus & Millichap during the second quarter worth about $122,000. Catalyst Capital Advisors LLC bought a new position in Marcus & Millichap during the third quarter worth about $131,000. Wells Fargo & Company MN boosted its position in Marcus & Millichap by 5.6% in the third quarter. Wells Fargo & Company MN now owns 5,622 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 300 shares in the last quarter. Societe Generale bought a new position in Marcus & Millichap during the second quarter worth about $173,000. Finally, SG Americas Securities LLC bought a new position in Marcus & Millichap during the second quarter worth about $173,000. Institutional investors and hedge funds own 33.84% of the company’s stock.

Marcus & Millichap Company Profile

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