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

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) Director Patrick J. Bartels, Jr. acquired 15,200 shares of Douglas Elliman stock in a transaction 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 completion of the purchase, the director now directly owns 74,175 shares of the company's stock, valued at approximately $136,482. This represents a 25.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Douglas Elliman Trading Up 4.0%

Shares of DOUG stock traded up $0.07 during trading hours on Monday, reaching $1.89. 500,262 shares of the stock traded hands, compared to its average volume of 837,365. Douglas Elliman Inc. has a 1-year low of $1.00 and a 1-year high of $2.98. The business has a fifty day moving average price of $1.71 and a 200 day moving average price of $1.85. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $167.89 million, a PE ratio of -1.84 and a beta of 1.52.

Douglas Elliman (NYSE:DOUG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $253.40 million for the quarter, compared to analysts' expectations of $223.19 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DOUG. Golden State Wealth Management LLC acquired a new stake in Douglas Elliman during the 4th quarter worth about $25,000. Boothbay Fund Management LLC acquired a new position in shares of Douglas Elliman in the fourth quarter worth $27,000. Alpine Global Management LLC purchased a new stake in shares of Douglas Elliman during the fourth quarter worth $28,000. US Bancorp DE boosted its position in Douglas Elliman by 36,851.9% during the fourth quarter. US Bancorp DE now owns 19,954 shares of the company's stock valued at $33,000 after purchasing an additional 19,900 shares during the last quarter. Finally, Atria Investments Inc boosted its position in Douglas Elliman by 39.6% during the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company's stock valued at $48,000 after purchasing an additional 8,095 shares during the last quarter. Hedge funds and other institutional investors own 59.56% of the company's stock.

About Douglas Elliman

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.

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