Marcus & Millichap, Inc. (NYSE:MMI) Insider Sells $101,383.70 in Stock

Marcus & Millichap, Inc. (NYSE:MMI) insider Gregory A. Laberge sold 2,915 shares of the stock in a transaction on 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 owns 2,307 shares of the company’s stock, valued at approximately $80,237.46. This trade represents a 55.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Marcus & Millichap Price Performance

NYSE:MMI opened at $34.43 on Friday. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80. The company has a market capitalization of $1.34 billion, a PE ratio of -107.59 and a beta of 1.15. The firm’s 50-day moving average price is $37.14 and its 200-day moving average price is $38.47.

Marcus & Millichap (NYSE:MMI) last announced its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.28. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. The business had revenue of $240.08 million during the quarter. During the same period in the prior year, the business posted ($0.27) EPS.

Marcus & Millichap Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be issued a $0.25 dividend. This represents a yield of 1.3%. The ex-dividend date is Wednesday, March 12th. Marcus & Millichap’s dividend payout ratio (DPR) is -156.25%.

Institutional Investors Weigh In On Marcus & Millichap

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in shares of Marcus & Millichap by 6.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,421 shares of the real estate investment trust’s stock worth $928,000 after purchasing an additional 1,392 shares during the last quarter. Oppenheimer Asset Management Inc. raised 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 worth $343,000 after buying an additional 530 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Marcus & Millichap by 0.3% in 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 buying an additional 6,000 shares in 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 valued at $847,000 after buying an additional 2,895 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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 valued at $15,249,000 after acquiring an additional 12,401 shares in the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

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.