Graham Capital Management L.P. Increases Position in Exp World Holdings, Inc. $EXPI

Key Points

• Graham Capital Management L.P. increased its stake in Exp World Holdings by 64.5%, acquiring an additional 26,381 shares to reach a total of 67,253 shares valued at $658,000.
• Several institutional investors have significantly increased their positions in Exp World, including Brooklyn Investment Group with an 880.8% increase, and US Bancorp DE with a 1,608.8% increase.
• Exp World recently declared a quarterly dividend of $0.05, reflecting an annualized yield of 1.8%, despite having a negative dividend payout ratio of -100.00%.

Graham Capital Management L.P. lifted its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 64.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,253 shares of the technology company's stock after purchasing an additional 26,381 shares during the period. Graham Capital Management L.P.'s holdings in Exp World were worth $658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EXPI. Brooklyn Investment Group boosted its holdings in shares of Exp World by 880.8% during the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock worth $47,000 after purchasing an additional 4,316 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Exp World during the 1st quarter worth approximately $51,000. US Bancorp DE boosted its holdings in shares of Exp World by 1,608.8% during the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock worth $110,000 after purchasing an additional 10,586 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Exp World during the 1st quarter worth approximately $132,000. Finally, Precision Wealth Strategies LLC boosted its holdings in shares of Exp World by 26.3% during the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock worth $135,000 after purchasing an additional 2,867 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $12.00 target price on Exp World and gave the stock a "buy" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $12.00.

Exp World Price Performance

EXPI traded down $0.23 during trading hours on Tuesday, reaching $11.08. The company's stock had a trading volume of 661,807 shares, compared to its average volume of 1,142,892. Exp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.39. The stock has a market cap of $1.74 billion, a PE ratio of -55.40 and a beta of 2.01. The business's 50-day moving average is $10.43 and its 200-day moving average is $9.55.

Exp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company's revenue was up 1.0% on a year-over-year basis. Analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.05 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. Exp World's dividend payout ratio is currently -100.00%.

Insider Buying and Selling

In other Exp World news, Director Randall D. Miles sold 8,700 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.10, for a total value of $87,870.00. Following the sale, the director owned 527,190 shares of the company's stock, valued at $5,324,619. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 27.96% of the company's stock.

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.