Douglas Elliman Inc. (NYSE:DOUG) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its holdings in Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 218.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,678 shares of the company's stock after purchasing an additional 167,070 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.27% of Douglas Elliman worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CastleKnight Management LP purchased a new position in Douglas Elliman during the 4th quarter worth $462,000. Bridgeway Capital Management LLC raised its position in Douglas Elliman by 7.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,077,945 shares of the company's stock worth $1,800,000 after buying an additional 74,700 shares during the last quarter. Bank of America Corp DE raised its position in Douglas Elliman by 1,112.0% during the 4th quarter. Bank of America Corp DE now owns 151,291 shares of the company's stock worth $253,000 after buying an additional 138,808 shares during the last quarter. Ameriprise Financial Inc. raised its position in Douglas Elliman by 2.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,994,004 shares of the company's stock worth $5,000,000 after buying an additional 71,928 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of Douglas Elliman during the 4th quarter worth $448,000. Hedge funds and other institutional investors own 59.56% of the company's stock.

Insider Activity at Douglas Elliman

In other Douglas Elliman news, Director Patrick J. Bartels, Jr. acquired 15,200 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $1.84 per share, with a total value of $27,968.00. Following the purchase, the director now owns 74,175 shares in the company, valued at approximately $136,482. The trade was a 25.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.79% of the stock is owned by corporate insiders.

Douglas Elliman Price Performance

Shares of NYSE:DOUG traded up $0.02 on Thursday, reaching $2.12. 116,670 shares of the company were exchanged, compared to its average volume of 838,656. 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 Inc. has a 1-year low of $1.00 and a 1-year high of $2.98. The firm has a market cap of $187.68 million, a price-to-earnings ratio of -2.05 and a beta of 1.52. The company has a 50-day moving average of $1.77 and a 200-day moving average of $1.86.

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

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.