Douglas Elliman Inc. (NYSE:DOUG) Shares Purchased by Moerus Capital Management LLC

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 lifted its holdings in Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 36.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,949,388 shares of the company's stock after purchasing an additional 786,279 shares during the period. Douglas Elliman accounts for about 2.3% of Moerus Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Moerus Capital Management LLC owned approximately 3.32% of Douglas Elliman worth $5,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Boothbay Fund Management LLC acquired a new position in Douglas Elliman during the 4th quarter worth $27,000. Alpine Global Management LLC acquired a new position in Douglas Elliman during the 4th quarter worth $28,000. Man Group plc acquired a new position in Douglas Elliman during the 4th quarter worth $52,000. Golden State Wealth Management LLC lifted its position in Douglas Elliman by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 30,000 shares of the company's stock worth $52,000 after acquiring an additional 15,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Douglas Elliman by 79.1% during the 4th quarter. JPMorgan Chase & Co. now owns 38,560 shares of the company's stock worth $64,000 after acquiring an additional 17,027 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company's stock.

Analyst Ratings Changes

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 Stock Performance

Shares of DOUG traded up $0.06 during trading hours on Friday, reaching $2.46. 459,037 shares of the company traded hands, compared to its average volume of 699,634. The stock's fifty day moving average is $2.53 and its 200 day moving average is $2.14. The stock has a market cap of $218.22 million, a P/E ratio of -3.32 and a beta of 1.78. 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 1-year low of $1.35 and a 1-year high of $3.20.

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

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.