Douglas Elliman Inc. (NYSE:DOUG) Position Boosted by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 1,112.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,291 shares of the company's stock after purchasing an additional 138,808 shares during the period. Bank of America Corp DE owned 0.17% of Douglas Elliman worth $253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truffle Hound Capital LLC acquired a new stake in shares of Douglas Elliman during the fourth quarter worth $3,340,000. Kennedy Capital Management LLC increased its holdings in shares of Douglas Elliman by 699.8% in the 4th quarter. Kennedy Capital Management LLC now owns 443,504 shares of the company's stock worth $741,000 after acquiring an additional 388,051 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Douglas Elliman by 436.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,126,312 shares of the company's stock worth $1,881,000 after acquiring an additional 916,210 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Douglas Elliman by 11.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,361,804 shares of the company's stock worth $7,284,000 after acquiring an additional 461,093 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Douglas Elliman in the 4th quarter worth about $674,000. 59.56% of the stock is owned by institutional investors and hedge funds.

Douglas Elliman Stock Performance

Shares of DOUG stock traded down $0.04 during trading hours on Wednesday, reaching $2.67. The stock had a trading volume of 658,773 shares, compared to its average volume of 886,459. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.78 and a quick ratio of 3.78. Douglas Elliman Inc. has a twelve month low of $1.03 and a twelve month high of $3.20. The firm has a 50-day simple moving average of $2.17 and a 200-day simple moving average of $1.94. The firm has a market capitalization of $236.49 million, a PE ratio of -5.44 and a beta of 1.85.

Douglas Elliman (NYSE:DOUG - Get Free Report) last released its quarterly earnings data 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 4.39% and a negative net margin of 3.89%. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $223.19 million.

Insider Buying and Selling

In related news, Director Patrick J. Bartels, Jr. bought 58,104 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $1.92 per share, for a total transaction of $111,559.68. Following the transaction, the director now directly owns 193,975 shares of the company's stock, valued at approximately $372,432. This represents a 42.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.79% 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.