CWA Asset Management Group LLC Takes $489,000 Position in Exp World Holdings, Inc. (NASDAQ:EXPI)

CWA Asset Management Group LLC bought a new stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 50,047 shares of the technology company's stock, valued at approximately $489,000.

Several other large investors have also made changes to their positions in EXPI. Rhumbline Advisers boosted its holdings in shares of Exp World by 4.9% in the 4th quarter. Rhumbline Advisers now owns 239,919 shares of the technology company's stock worth $2,761,000 after acquiring an additional 11,240 shares in the last quarter. Principal Financial Group Inc. raised its position in Exp World by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company's stock valued at $4,741,000 after purchasing an additional 11,588 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Exp World in the fourth quarter worth $122,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Exp World during the fourth quarter worth $483,000. Finally, Illinois Municipal Retirement Fund increased its stake in shares of Exp World by 27.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 48,503 shares of the technology company's stock valued at $558,000 after buying an additional 10,574 shares in the last quarter. Institutional investors own 27.17% of the company's stock.

Insider Activity at Exp World

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director now directly owns 537,190 shares of the company's stock, valued at approximately $4,915,288.50. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn Darrel Sanford sold 20,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $9.80, for a total transaction of $196,000.00. Following the sale, the chief executive officer now owns 39,783,400 shares of the company's stock, valued at $389,877,320. The trade was a 0.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,000 shares of company stock worth $1,626,600 over the last 90 days. Insiders own 27.96% of the company's stock.

Exp World Trading Up 1.7%

Shares of EXPI traded up $0.16 during mid-day trading on Tuesday, hitting $9.31. 1,498,474 shares of the company traded hands, compared to its average volume of 1,086,576. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -84.64 and a beta of 2.57. The business has a 50-day moving average of $8.53 and a 200 day moving average of $10.00. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. Exp World had a positive return on equity of 1.85% and a negative net margin of 0.36%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS. As a group, analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, May 19th. Exp World's dividend payout ratio (DPR) is presently -181.82%.

Analysts Set New Price Targets

Separately, DA Davidson upgraded shares of Exp World from a "neutral" rating to a "buy" rating and set a $10.75 price target on the stock in a research report on Thursday, May 29th.

Exp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.