Marcus & Millichap, Inc. (NYSE:MMI) Insider Gregory A. Laberge Sells 2,915 Shares

Marcus & Millichap, Inc. (NYSE:MMI) insider Gregory A. Laberge sold 2,915 shares of Marcus & Millichap stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total transaction of $101,383.70. Following the transaction, the insider now owns 2,307 shares in the company, valued at approximately $80,237.46. The trade was a 55.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Marcus & Millichap Stock Up 0.1 %

Shares of Marcus & Millichap stock traded up $0.04 during midday trading on Wednesday, hitting $34.97. The company’s stock had a trading volume of 101,835 shares, compared to its average volume of 106,316. The firm has a market capitalization of $1.36 billion, a P/E ratio of -109.27 and a beta of 1.15. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80. The stock has a 50-day simple moving average of $37.27 and a 200-day simple moving average of $38.54.

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

Marcus & Millichap Dividend Announcement

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

Institutional Investors Weigh In On Marcus & Millichap

A number of institutional investors have recently modified their holdings of MMI. Sterling Capital Management LLC increased its stake in shares of Marcus & Millichap by 807.2% in the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 670 shares during the last quarter. R Squared Ltd purchased a new position in Marcus & Millichap in the fourth quarter valued at about $66,000. State of Wyoming acquired a new position in Marcus & Millichap in the 4th quarter worth about $156,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus & Millichap during the 4th quarter worth about $172,000. Finally, BNP Paribas Financial Markets raised its stake 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 and hedge funds 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.