Marcus & Millichap, Inc. (NYSE:MMI) is looking for acquisitions. President and Chief Executive Officer, Hessam Nadji said, "We're also in active discussions with potential acquisition targets that we believe would bring strategic and market coverage advantages to MMI. Our strong balance sheet forces the foundation to remain offensive while continuing to return capital to shareholders through dividends and share repurchases.
We will continue to assess the highest and best use of capital as market conditions shift with an eye to increasing our acquisition target pipeline further as valuation expectations become more reasonable".