Douglas Elliman Inc. $DOUG is Moerus Capital Management LLC's 8th Largest Position

Key Points

• Moerus Capital Management LLC increased its stake in Douglas Elliman Inc. by 36.3%, acquiring 786,279 shares during the first quarter, bringing its total holdings to approximately 2.95 million shares.
• Despite the increased investment, Douglas Elliman reported a loss of $0.06 EPS for the last quarter, falling short of analysts' expectations and revealing significant revenue challenges.
• Shares of Douglas Elliman stock saw a 9.9% increase, with a recent trading price of $2.56, though the company has experienced significant fluctuations in the past year.

Moerus Capital Management LLC increased its holdings in Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 36.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,949,388 shares of the company's stock after acquiring an additional 786,279 shares during the quarter. Douglas Elliman makes up about 2.3% of Moerus Capital Management LLC's investment portfolio, making the stock its 8th largest position. Moerus Capital Management LLC owned approximately 3.32% of Douglas Elliman worth $5,073,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in 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 acquiring an additional 461,093 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Douglas Elliman by 2.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,994,004 shares of the company's stock valued at $5,000,000 after buying an additional 71,928 shares during the last quarter. Truffle Hound Capital LLC lifted its position in shares of Douglas Elliman by 15.0% during the first quarter. Truffle Hound Capital LLC now owns 2,300,000 shares of the company's stock valued at $3,956,000 after buying an additional 300,000 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Douglas Elliman by 7.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,077,945 shares of the company's stock valued at $1,800,000 after buying an additional 74,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Douglas Elliman by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,800 shares of the company's stock valued at $1,743,000 after buying an additional 98,215 shares during the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.

Douglas Elliman Stock Performance

NYSE:DOUG traded down $0.0250 during midday trading on Tuesday, hitting $2.4750. The company's stock had a trading volume of 177,586 shares, compared to its average volume of 764,761. Douglas Elliman Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $3.20. The firm's 50 day moving average is $2.53 and its 200-day moving average is $2.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.61 and a quick ratio of 3.61. The firm has a market cap of $219.56 million, a P/E ratio of -3.34 and a beta of 1.78.

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

Analysts Set New Price Targets

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

Douglas Elliman 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.