Marcus & Millichap, Inc. (MMI): Martin E. Louie , Chief Financial Officer of Marcus & Millichap, Inc. sold 15,000 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $27.50 per share for a total value of $412,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, William E. Hughes (SVP Marcus & Millichap Capital) sold 800 shares at $27.51 per share price.On Apr 28, 2016, Gene A. Berman (Executive Vice President) sold 19,384 shares at $24.41 per share price.Also, On Apr 5, 2016, Martin E. Louie (Chief Financial Officer) sold 20,000 shares at $25.00 per share price.On Mar 17, 2016, Kurt Henry Schwarz (Chief Accounting Officer) purchased 300 shares at $23.72 per share price.
Marcus & Millichap Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Marcus & Millichap Inc which led to swings in the share price. The shares opened for trading at $25.81 and hit $27.73 on the upside , eventually ending the session at $26.45, with a gain of 7.56% or 1.86 points. The heightened volatility saw the trading volume jump to 2,80,655 shares. The 52-week high of the share price is $53.92 and the company has a market cap of $994 M . The 52-week low of the share price is at $18.77.
Marcus & Millichap Inc. is a brokerage firm specializing in commercial real estate investment sales financing research and advisory services. The Company also offers market research consulting and advisory services to developers lenders owners and investors. It also offers two services to its clients: commercial real estate investment brokerage and financing. The Company divides the commercial real estate market into three segments by investment: Private client segment which include properties with prices under $10 million; Hybrid segment which include properties with prices equal to or over $10 million and less than $20 million and Institutional segment which include properties with prices of $20 million and above. As of December 31 2014 the Company had nearly 1500 investment sales and financing professionals in 78 offices in the United States and Canada that provide investment brokerage and financing services to sellers and buyers of commercial real estate.