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 stock was sold at an average price of $38.26, for a total value of $31,679.28. Following the completion of the sale, the insider now directly owns 5,222 shares of the company’s stock, valued at approximately $199,793.72. This trade represents a 13.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Marcus & Millichap Stock Performance

NYSE MMI traded up $0.12 during trading on Tuesday, hitting $38.60. 158,269 shares of the company’s stock traded hands, compared to its average volume of 108,427. The stock has a market capitalization 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 business has a 50 day moving average of $37.44 and a 200-day moving average of $38.60.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings results 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. The company had revenue of $240.08 million for the quarter. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. During the same quarter in the previous year, the company posted ($0.27) earnings per share.

Marcus & Millichap Dividend Announcement

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

Institutional Trading of Marcus & Millichap

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its stake in Marcus & Millichap by 807.2% in the 4th 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 in the last quarter. R Squared Ltd purchased a new position in shares of Marcus & Millichap during the 4th quarter valued at about $66,000. State of Wyoming bought a new stake in Marcus & Millichap in the 4th quarter worth approximately $156,000. KLP Kapitalforvaltning AS purchased a new stake in Marcus & Millichap in the fourth quarter worth approximately $172,000. Finally, BNP Paribas Financial Markets grew its position 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 valued at $205,000 after acquiring an additional 400 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors.

About Marcus & Millichap

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.