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

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

Marcus & Millichap Stock Up 0.3 %

Shares of MMI stock opened at $38.60 on Wednesday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -120.63 and a beta of 1.16. Marcus & Millichap, Inc. has a 12 month low of $29.93 and a 12 month high of $42.80. The stock has a 50-day moving average price of $37.44 and a 200 day moving average price of $38.60.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings data on Friday, February 14th. The real estate investment trust reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $240.08 million during the quarter. During the same quarter in the prior year, the company posted ($0.27) EPS.

Marcus & Millichap Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in 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 purchasing an additional 670 shares during the period. R Squared Ltd bought a new stake in shares of Marcus & Millichap in the 4th quarter valued at $66,000. State of Wyoming acquired a new stake in Marcus & Millichap during the 4th quarter worth $156,000. KLP Kapitalforvaltning AS acquired a new stake in Marcus & Millichap during the 4th quarter worth $172,000. Finally, BNP Paribas Financial Markets lifted its holdings in Marcus & Millichap by 8.4% during the third quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock worth $205,000 after acquiring 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.