Marcus & Millichap, Inc. (MMI) SVP William E. Hughes Sells 6,840 Shares of Stock

Marcus & Millichap, Inc. (NYSE:MMI) SVP William E. Hughes sold 6,840 shares of Marcus & Millichap stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $30.05, for a total value of $205,542.00. Following the sale, the senior vice president now directly owns 61,701 shares of the company’s stock, valued at approximately $1,854,115.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Marcus & Millichap, Inc. (NYSE:MMI) opened at $29.87 on Tuesday. The company has a market capitalization of $1,147.28, a PE ratio of 19.53, a P/E/G ratio of 3.31 and a beta of 1.55. Marcus & Millichap, Inc. has a 52 week low of $23.22 and a 52 week high of $30.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62.

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A number of hedge funds have recently bought and sold shares of the stock. Granite Investment Partners LLC bought a new position in Marcus & Millichap in the third quarter valued at about $14,391,000. Tributary Capital Management LLC bought a new position in Marcus & Millichap in the second quarter valued at about $13,409,000. Vivaldi Asset Management LLC grew its position in Marcus & Millichap by 3,527.7% in the second 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 during the last quarter. Royce & Associates LP grew its position in Marcus & Millichap by 9.0% in the second quarter. Royce & Associates LP now owns 3,796,629 shares of the real estate investment trust’s stock valued at $100,079,000 after acquiring an additional 313,305 shares during the last quarter. Finally, New Mountain Vantage Advisers L.L.C. bought a new position in Marcus & Millichap in the second quarter valued at about $3,914,000. 41.57% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Citigroup Inc. raised Marcus & Millichap from a “neutral” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $31.00 price target (up previously from $25.00) on shares of Marcus & Millichap in a research note on Wednesday, November 8th. BidaskClub downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

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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