Marcus & Millichap Inc (NYSE:MMI) CEO Hessam Nadji Sells 1,870 Shares of Stock
Marcus & Millichap Inc (NYSE:MMI) CEO Hessam Nadji sold 1,870 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $37.03, for a total value of $69,246.10. Following the completion of the transaction, the chief executive officer now owns 249,922 shares of the company’s stock, valued at approximately $9,254,611.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hessam Nadji also recently made the following trade(s):
- On Monday, September 23rd, Hessam Nadji sold 11,000 shares of Marcus & Millichap stock. The stock was sold at an average price of $36.25, for a total value of $398,750.00.
Shares of NYSE MMI opened at $36.43 on Tuesday. Marcus & Millichap Inc has a 52 week low of $27.84 and a 52 week high of $43.50. The business has a 50-day simple moving average of $35.65 and a two-hundred day simple moving average of $33.92. The company has a quick ratio of 4.57, a current ratio of 4.57 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.44 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.21 and a beta of 1.21.
Separately, Zacks Investment Research downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th.
Several institutional investors and hedge funds have recently modified their holdings of MMI. FMR LLC bought a new stake in shares of Marcus & Millichap during the 1st quarter valued at about $5,202,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Marcus & Millichap during the 2nd quarter valued at about $216,000. Cambiar Investors LLC boosted its position in shares of Marcus & Millichap by 3.3% during the 2nd quarter. Cambiar Investors LLC now owns 83,340 shares of the real estate investment trust’s stock valued at $2,571,000 after acquiring an additional 2,644 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Marcus & Millichap during the 2nd quarter valued at about $177,000. Finally, First Trust Advisors LP boosted its position in shares of Marcus & Millichap by 90.3% during the 2nd quarter. First Trust Advisors LP now owns 116,871 shares of the real estate investment trust’s stock valued at $3,605,000 after acquiring an additional 55,456 shares during the last quarter. Hedge funds and other institutional investors own 58.31% of the company’s stock.
About Marcus & Millichap
Marcus & Millichap, Inc, a 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, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.
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