Pekin Hardy Strauss Inc. Makes New $328,000 Investment in Douglas Elliman Inc. (NYSE:DOUG)

Pekin Hardy Strauss Inc. purchased a new stake in Douglas Elliman Inc. (NYSE:DOUG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 190,500 shares of the company's stock, valued at approximately $328,000. Pekin Hardy Strauss Inc. owned approximately 0.21% of Douglas Elliman as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC raised its position in Douglas Elliman by 218.1% during the 4th quarter. Cubist Systematic Strategies LLC now owns 243,678 shares of the company's stock worth $407,000 after buying an additional 167,070 shares during the last quarter. Bank of America Corp DE raised its position in Douglas Elliman by 1,112.0% during the 4th quarter. Bank of America Corp DE now owns 151,291 shares of the company's stock worth $253,000 after buying an additional 138,808 shares during the last quarter. Squarepoint Ops LLC raised its position in Douglas Elliman by 220.7% during the 4th quarter. Squarepoint Ops LLC now owns 229,192 shares of the company's stock worth $383,000 after buying an additional 157,718 shares during the last quarter. Two Sigma Investments LP raised its position in Douglas Elliman by 213.8% during the 4th quarter. Two Sigma Investments LP now owns 262,023 shares of the company's stock worth $438,000 after buying an additional 178,519 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Douglas Elliman during the 4th quarter worth approximately $274,000. 59.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Douglas Elliman

In other news, Director Patrick J. Bartels, Jr. acquired 58,104 shares of the company's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $1.92 per share, with a total value of $111,559.68. Following the purchase, the director directly owned 193,975 shares of the company's stock, valued at $372,432. This trade represents a 42.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.79% of the stock is owned by insiders.

Douglas Elliman Stock Performance

Shares of NYSE DOUG traded up $0.06 during midday trading on Wednesday, reaching $2.51. 471,914 shares of the stock were exchanged, compared to its average volume of 865,164. The firm has a market cap of $222.74 million, a price-to-earnings ratio of -5.12 and a beta of 1.75. Douglas Elliman Inc. has a twelve month low of $1.13 and a twelve month high of $3.20. The firm has a 50-day simple moving average of $2.40 and a two-hundred day simple moving average of $1.97. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.20.

Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The firm had revenue of $253.40 million for the quarter, compared to analyst estimates of $223.19 million. Douglas Elliman had a negative return on equity of 4.39% and a negative net margin of 3.89%.

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.