John David Parker Sells 2,447 Shares of Marcus & Millichap, Inc. (NYSE:MMI) Stock

Marcus & Millichap, Inc. (NYSE:MMI – Get Rating) COO John David Parker sold 2,447 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $41.00, for a total value of $100,327.00. Following the sale, the chief operating officer now owns 645 shares in the company, valued at $26,445. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John David Parker also recently made the following trade(s):

• On Monday, March 14th, John David Parker sold 5,624 shares of Marcus & Millichap stock. The stock was sold at an average price of $45.52, for a total value of $256,004.48.

Shares of Marcus & Millichap stock traded up $0.59 during midday trading on Friday, reaching $41.99. The company had a trading volume of 102,536 shares, compared to its average volume of 174,041. Marcus & Millichap, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $58.33. The stock has a fifty day moving average price of $47.42 and a 200 day moving average price of $47.57. The firm has a market cap of $1.63 billion, a PE ratio of 10.45 and a beta of 0.92.

Marcus & Millichap (NYSE:MMI – Get Rating) last issued its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter. Marcus & Millichap had a return on equity of 24.65% and a net margin of 11.19%. The firm had revenue of $319.46 million for the quarter. During the same period last year, the firm posted $0.37 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in shares of Marcus & Millichap during the fourth quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Marcus & Millichap during the first quarter worth approximately $41,000. UMB Bank N A MO acquired a new position in shares of Marcus & Millichap during the fourth quarter worth approximately $56,000. First Horizon Advisors Inc. raised its position in shares of Marcus & Millichap by 1,201.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,132 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,045 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of Marcus & Millichap by 342.7% during the first quarter. Captrust Financial Advisors now owns 1,483 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,148 shares during the period. 58.97% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com lowered Marcus & Millichap from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 4th.

About Marcus & Millichap (Get Rating)

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing.

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