Marcus & Millichap, Inc. (NYSE:MMI) Director George M. Marcus sold 16,819 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $30.34, for a total transaction of $510,288.46. Following the sale, the director now owns 15,879 shares of the company’s stock, valued at approximately $481,768.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Marcus & Millichap, Inc. (MMI) opened at $29.87 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62. The firm has a market cap of $1,147.28, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.31 and a beta of 1.55. Marcus & Millichap, Inc. has a 1 year low of $23.22 and a 1 year high of $30.98.

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MMI has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $31.00 target price (up previously from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Six equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $31.00.

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its position in Marcus & Millichap by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 51,379 shares of the real estate investment trust’s stock valued at $1,355,000 after acquiring an additional 285 shares in the last quarter. Vivaldi Asset Management LLC increased its position in Marcus & Millichap by 3,527.7% in the 2nd quarter. Vivaldi Asset Management LLC now owns 363,316 shares of the real estate investment trust’s stock valued at $9,577,000 after acquiring an additional 353,301 shares in the last quarter. Swiss National Bank increased its position in Marcus & Millichap by 19.0% in the 2nd quarter. Swiss National Bank now owns 28,200 shares of the real estate investment trust’s stock valued at $743,000 after acquiring an additional 4,500 shares in the last quarter. Jennison Associates LLC increased its position in Marcus & Millichap by 1.7% in the 2nd quarter. Jennison Associates LLC now owns 296,327 shares of the real estate investment trust’s stock valued at $7,811,000 after acquiring an additional 4,850 shares in the last quarter. Finally, Reinhart Partners Inc. increased its position in Marcus & Millichap by 2.8% in the 2nd quarter. Reinhart Partners Inc. now owns 128,070 shares of the real estate investment trust’s stock valued at $3,376,000 after acquiring an additional 3,480 shares in the last quarter. Hedge funds and other institutional investors own 41.57% of the company’s stock.

Marcus & Millichap Company Profile

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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