Monday, November 27, 2017 10:15 PM ET
Insiders at Marcus & Millichap (MMI) Make Significant Stock Sales Extends the Trend of Last Quarter
A significant level of insider sales in Marcus & Millichap was reported in form 4 documents filed with the SEC today. Two insiders — Phoenix Investments Holdings Llc, 10% Owner, and George M Marcus, 10% Owner and Director — disposed of 101,678 shares in the company having a market value of approximately $3,127,097. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 2,013,842 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,115,520 shares and have averaged 352,587 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Marcus & Millichap is higher than the 20-company peer group average. Real Estate Services peer group saw 42 buy/sell trades during this period for an average of 2.1 transactions per company. The number of shares per buy/sell trade for Marcus & Millichap insiders was also higher. Within the peer group there were 115,683 shares purchased and 8,771,070 shares sold with company insiders disposing of 206,081 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write this story.
Today’s Insider Activity
* Phoenix Investments Holdings Llc, 10% Owner, sold 50,839 shares
* George M Marcus, 10% Owner and Director, sold 50,839 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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