Bank of America Corp DE Buys 138,808 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Bank of America Corp DE raised its stake in shares of Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 1,112.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,291 shares of the company's stock after purchasing an additional 138,808 shares during the quarter. Bank of America Corp DE owned approximately 0.17% of Douglas Elliman worth $253,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DOUG. Truffle Hound Capital LLC purchased a new stake in Douglas Elliman in the fourth quarter worth about $3,340,000. First Eagle Investment Management LLC grew its holdings in shares of Douglas Elliman by 436.1% during 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 raised its position 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 in the last quarter. Marshall Wace LLP purchased a new position in shares of Douglas Elliman in the 4th quarter valued at approximately $674,000. Finally, Kennedy Capital Management LLC boosted its position in shares of Douglas Elliman by 699.8% during the fourth quarter. Kennedy Capital Management LLC now owns 443,504 shares of the company's stock valued at $741,000 after purchasing an additional 388,051 shares in the last quarter. 59.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Douglas Elliman

In related news, Director Patrick J. Bartels, Jr. purchased 15,200 shares of Douglas Elliman stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $1.84 per share, for a total transaction of $27,968.00. Following the completion of the acquisition, the director now directly owns 74,175 shares of the company's stock, valued at $136,482. The trade was a 25.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.79% of the company's stock.

Douglas Elliman Price Performance

DOUG opened at $2.80 on Friday. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.20. The company has a market cap of $248.02 million, a price-to-earnings ratio of -2.71 and a beta of 1.85. The stock has a fifty day simple moving average of $2.10 and a two-hundred day simple moving average of $1.93. Douglas Elliman Inc. has a 12-month low of $1.03 and a 12-month high of $3.20.

Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.03) earnings per share (EPS) 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 business had revenue of $253.40 million during the quarter, compared to the consensus estimate of $223.19 million.

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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