6,058 Shares in Marcus & Millichap Inc (MMI) Purchased by D.A. Davidson & CO.

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D.A. Davidson & CO. acquired a new stake in shares of Marcus & Millichap Inc (NYSE:MMI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,058 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $99,000. State of Alaska Department of Revenue acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $243,000. California Public Employees Retirement System acquired a new stake in Marcus & Millichap in the second quarter valued at approximately $246,000. Stevens Capital Management LP acquired a new stake in Marcus & Millichap in the third quarter valued at approximately $264,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $275,000. 53.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marcus & Millichap stock opened at $39.45 on Thursday. The company has a quick ratio of 4.67, a current ratio of 4.67 and a debt-to-equity ratio of 0.02. Marcus & Millichap Inc has a 1-year low of $30.63 and a 1-year high of $41.45. The firm has a market capitalization of $1.48 billion, a PE ratio of 24.35, a PEG ratio of 2.94 and a beta of 1.24.

In other news, Director George M. Marcus sold 2,500 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now directly owns 18,021 shares in the company, valued at $666,777. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Phoenix Investments Holdings L sold 96,883 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $37.03, for a total transaction of $3,587,577.49. The disclosure for this sale can be found here. Insiders sold 225,526 shares of company stock valued at $8,348,950 over the last 90 days. 50.10% of the stock is owned by corporate insiders.

A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.67.

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Marcus & Millichap Profile

Marcus & Millichap, Inc, a brokerage firm, provides 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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Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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