Millennium Management LLC Decreases Holdings in Douglas Elliman Inc. (NYSE:DOUG)

Millennium Management LLC lessened its stake in shares of Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 43.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 785,804 shares of the company's stock after selling 593,717 shares during the period. Millennium Management LLC owned 0.88% of Douglas Elliman worth $1,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOUG. Truffle Hound Capital LLC purchased a new position in shares of Douglas Elliman during the 4th quarter valued at about $3,340,000. First Eagle Investment Management LLC raised its stake in 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. Jacobs Levy Equity Management Inc. lifted its holdings in Douglas Elliman by 144.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 979,425 shares of the company's stock valued at $1,636,000 after purchasing an additional 578,044 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Douglas Elliman by 11.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,361,804 shares of the company's stock worth $7,284,000 after purchasing an additional 461,093 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Douglas Elliman in the fourth quarter worth approximately $674,000. Hedge funds and other institutional investors own 59.56% of the company's stock.

Insider Buying and Selling at Douglas Elliman

In related news, Director Patrick J. Bartels, Jr. acquired 15,200 shares of the company's stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $1.84 per share, with a total value of $27,968.00. Following the acquisition, the director now directly owns 74,175 shares of the company's stock, valued at approximately $136,482. This trade represents a 25.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.79% of the company's stock.

Douglas Elliman Price Performance

Shares of DOUG stock traded up $0.02 on Friday, hitting $2.70. 440,088 shares of the stock traded hands, compared to its average volume of 898,632. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.62 and a quick ratio of 4.62. Douglas Elliman Inc. has a 52 week low of $1.03 and a 52 week high of $3.20. The firm has a 50 day simple moving average of $1.97 and a two-hundred day simple moving average of $1.93. The firm has a market cap of $239.59 million, a price-to-earnings ratio of -2.62 and a beta of 1.85.

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 analysts' consensus estimates of $0.02 by ($0.05). The business had revenue of $253.40 million during the quarter, compared to analysts' expectations of $223.19 million. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%.

Douglas Elliman Company Profile

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.