Marcus & Millichap, Inc. (NYSE:MMI) Insider Sells 828 Shares

Marcus & Millichap, Inc. (NYSE:MMI) insider Gregory A. Laberge sold 828 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $38.26, for a total transaction of $31,679.28. Following the completion of the sale, the insider now owns 5,222 shares of the company’s stock, valued at approximately $199,793.72. This represents a 13.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Marcus & Millichap Stock Performance

Shares of MMI stock opened at $38.74 on Friday. Marcus & Millichap, Inc. has a 52-week low of $29.93 and a 52-week high of $42.80. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -121.05 and a beta of 1.16. The firm’s 50-day moving average is $37.46 and its 200-day moving average is $38.61.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings data on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.28. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. The firm had revenue of $240.08 million for the quarter. During the same quarter in the prior year, the company earned ($0.27) EPS.

Marcus & Millichap Announces Dividend

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

Institutional Trading of Marcus & Millichap

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC lifted its holdings in Marcus & Millichap by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 670 shares during the last quarter. R Squared Ltd bought a new position in Marcus & Millichap during the fourth quarter worth about $66,000. State of Wyoming acquired a new stake in Marcus & Millichap in the 4th quarter worth about $156,000. KLP Kapitalforvaltning AS acquired a new stake in Marcus & Millichap in the 4th quarter worth about $172,000. Finally, BNP Paribas Financial Markets grew its position in shares of Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Company Profile

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.