Marcus & Millichap Inc (MMI) CFO Martin E. Louie Sells 7,800 Shares

Marcus & Millichap Inc (NYSE:MMI) CFO Martin E. Louie sold 7,800 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $28.90, for a total value of $225,420.00. Following the completion of the sale, the chief financial officer now directly owns 56,966 shares of the company’s stock, valued at $1,646,317.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Marcus & Millichap Inc (NYSE:MMI) traded up $0.17 during trading on Tuesday, reaching $30.93. The company’s stock had a trading volume of 87,872 shares, compared to its average volume of 126,779. Marcus & Millichap Inc has a 52 week low of $23.22 and a 52 week high of $33.30. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1,170.00, a PE ratio of 20.08, a price-to-earnings-growth ratio of 3.08 and a beta of 1.47.

A number of institutional investors have recently bought and sold shares of MMI. Granite Investment Partners LLC acquired a new stake in Marcus & Millichap during the 3rd quarter worth approximately $14,391,000. Cambiar Investors LLC acquired a new stake in Marcus & Millichap during the 4th quarter worth approximately $7,153,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Marcus & Millichap during the 4th quarter worth approximately $4,962,000. Dimensional Fund Advisors LP lifted its position in Marcus & Millichap by 18.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,424 shares of the real estate investment trust’s stock worth $20,546,000 after acquiring an additional 122,885 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Marcus & Millichap by 87.2% during the 4th quarter. Wells Fargo & Company MN now owns 171,172 shares of the real estate investment trust’s stock worth $5,582,000 after acquiring an additional 79,743 shares during the period. 42.49% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the company. William Blair reissued a “market perform” rating on shares of Marcus & Millichap in a research report on Thursday, February 1st. Zacks Investment Research cut Marcus & Millichap from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JMP Securities raised Marcus & Millichap from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Citigroup raised Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $31.00 target price (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Marcus & Millichap has a consensus rating of “Hold” and a consensus target price of $33.00.

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About Marcus & Millichap

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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