Douglas Elliman Inc. (NYSE:DOUG) Director Buys $27,968.00 in Stock

Douglas Elliman Inc. (NYSE:DOUG) Director Patrick J. Bartels, Jr. acquired 15,200 shares of Douglas Elliman stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $1.84 per share, with a total value of $27,968.00. Following the transaction, the director now owns 74,175 shares in the company, valued at $136,482. This represents a 25.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Douglas Elliman Stock Up 1.7%

Douglas Elliman stock opened at $2.08 on Thursday. The firm has a market cap of $184.13 million, a price-to-earnings ratio of -2.01 and a beta of 1.52. The stock has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $1.86. Douglas Elliman Inc. has a 12 month low of $1.00 and a 12 month high of $2.98. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.20.

Douglas Elliman (NYSE:DOUG) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The firm had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $223.19 million. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%.

Hedge Funds Weigh In On Douglas Elliman

Institutional investors and hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. lifted its position in Douglas Elliman by 5.3% during the first quarter. Jefferies Financial Group Inc. now owns 127,497 shares of the company’s stock valued at $219,000 after purchasing an additional 6,397 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Douglas Elliman by 39.6% in the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock worth $48,000 after purchasing an additional 8,095 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Douglas Elliman by 17.7% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 82,330 shares of the company’s stock worth $137,000 after purchasing an additional 12,381 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Douglas Elliman during the fourth quarter worth approximately $25,000. Finally, Boothbay Fund Management LLC bought a new stake in Douglas Elliman during the fourth quarter worth approximately $27,000. 59.56% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Elliman Company Profile

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.