Pekin Hardy Strauss Inc. Acquires Shares of 190,500 Douglas Elliman Inc. (NYSE:DOUG)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC raised its stake 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 buying an additional 15,000 shares during the period. Jefferies Financial Group Inc. raised its stake in Douglas Elliman by 112.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 121,100 shares of the company's stock worth $202,000 after buying an additional 64,100 shares during the period. Alpine Global Management LLC acquired a new position in Douglas Elliman during the 4th quarter worth approximately $28,000. Squarepoint Ops LLC raised its stake 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 period. Finally, Two Sigma Investments LP raised its stake 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 period. Institutional investors own 59.56% of the company's stock.

Douglas Elliman Stock Down 1.2%

DOUG stock traded down $0.03 during trading on Friday, reaching $2.48. 274,514 shares of the stock were exchanged, compared to its average volume of 847,790. The firm's 50 day moving average is $2.45 and its 200 day moving average is $1.99. Douglas Elliman Inc. has a twelve month low of $1.25 and a twelve month high of $3.20. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.20. The firm has a market cap of $220.08 million, a P/E ratio of -5.06 and a beta of 1.75.

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 company had revenue of $253.40 million for the quarter, compared to the consensus estimate of $223.19 million. Douglas Elliman had a negative return on equity of 4.39% and a negative net margin of 3.89%.

Insider Activity

In other Douglas Elliman news, Director Patrick J. Bartels, Jr. bought 58,104 shares of Douglas Elliman stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $1.92 per share, with a total value of $111,559.68. Following the completion of the acquisition, the director directly owned 193,975 shares in the company, valued at approximately $372,432. The trade was a 42.76% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.79% of the stock is currently owned by corporate insiders.

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.