Caption Management LLC Cuts Stock Holdings in Douglas Elliman Inc. $DOUG

Key Points

• Caption Management LLC has reduced its stake in Douglas Elliman Inc. by 38.5% in the first quarter, now owning 390,947 shares valued at $672,000.
• Several institutional investors, including Boothbay Fund Management and JPMorgan Chase & Co., have modified their positions in Douglas Elliman, with a combined institutional ownership of 59.56%.
• Douglas Elliman reported a loss of $0.06 per share for the last quarter, missing the consensus estimate, while their revenue was significantly below expectations at $271.37 million.

Caption Management LLC decreased its holdings in shares of Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,947 shares of the company's stock after selling 244,695 shares during the period. Caption Management LLC owned 0.44% of Douglas Elliman worth $672,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boothbay Fund Management LLC bought a new stake in shares of Douglas Elliman during the 4th quarter valued at about $27,000. Alpine Global Management LLC bought a new stake in shares of Douglas Elliman during the 4th quarter valued at about $28,000. Man Group plc bought a new stake in shares of Douglas Elliman during the 4th quarter valued at about $52,000. Golden State Wealth Management LLC boosted its position in shares of Douglas Elliman by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 30,000 shares of the company's stock valued at $52,000 after purchasing an additional 15,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Douglas Elliman by 79.1% during the 4th quarter. JPMorgan Chase & Co. now owns 38,560 shares of the company's stock valued at $64,000 after purchasing an additional 17,027 shares in the last quarter. Institutional investors own 59.56% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Douglas Elliman from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

Douglas Elliman Stock Down 0.6%

Douglas Elliman stock traded down $0.02 during mid-day trading on Wednesday, reaching $2.58. The stock had a trading volume of 350,076 shares, compared to its average volume of 483,533. The firm has a market capitalization of $228.43 million, a PE ratio of -3.48 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.61 and a current ratio of 3.61. Douglas Elliman Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $3.20. The stock's 50-day simple moving average is $2.52 and its 200-day simple moving average is $2.20.

Douglas Elliman (NYSE:DOUG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). The company had revenue of $271.37 million for the quarter, compared to analysts' expectations of $333.91 million. Douglas Elliman had a negative net margin of 5.98% and a negative return on equity of 7.11%.

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.