Gregory A. Laberge Sells 828 Shares of Marcus & Millichap, Inc. (NYSE:MMI) Stock

Marcus & Millichap, Inc. (NYSE:MMI) insider Gregory A. Laberge sold 828 shares of the business’s 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 transaction, the insider now owns 5,222 shares in the company, valued at $199,793.72. This trade represents a 13.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marcus & Millichap Stock Up 2.5 %

MMI stock opened at $39.53 on Thursday. Marcus & Millichap, Inc. has a twelve month low of $29.93 and a twelve month high of $42.80. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -123.54 and a beta of 1.16. The firm’s fifty day simple moving average is $37.46 and its two-hundred day simple moving average is $38.61.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data 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 for the quarter. During the same quarter last year, the firm earned ($0.27) EPS.

Marcus & Millichap Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be given 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 (DPR) is -156.25%.

Institutional Trading of Marcus & Millichap

A number of large investors have recently made changes to their positions in MMI. Harbor Capital Advisors Inc. boosted its stake in shares of Marcus & Millichap by 103.8% during the third quarter. Harbor Capital Advisors Inc. now owns 149,403 shares of the real estate investment trust’s stock valued at $5,921,000 after purchasing an additional 76,089 shares during the period. Reinhart Partners LLC. boosted its stake in shares of Marcus & Millichap by 4.0% during the fourth quarter. Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust’s stock valued at $73,057,000 after purchasing an additional 73,792 shares during the period. Norges Bank purchased a new stake in shares of Marcus & Millichap during the fourth quarter valued at $2,727,000. JPMorgan Chase & Co. boosted its stake in shares of Marcus & Millichap by 61.5% during the fourth quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust’s stock valued at $4,709,000 after purchasing an additional 46,865 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Marcus & Millichap by 21.1% during the fourth quarter. Jennison Associates LLC now owns 264,435 shares of the real estate investment trust’s stock valued at $10,117,000 after purchasing an additional 46,154 shares during the period. 62.78% of the stock is owned by hedge funds and other institutional investors.

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.