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

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

Several other hedge funds have also modified their holdings of the stock. US Bancorp DE grew its stake in Douglas Elliman by 36,851.9% during the 4th quarter. US Bancorp DE now owns 19,954 shares of the company's stock valued at $33,000 after acquiring an additional 19,900 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Douglas Elliman by 39.6% during the 4th quarter. Atria Investments Inc now owns 28,529 shares of the company's stock valued at $48,000 after buying an additional 8,095 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Douglas Elliman by 436.1% during the 4th quarter. First Eagle Investment Management LLC now owns 1,126,312 shares of the company's stock valued at $1,881,000 after acquiring an additional 916,210 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Douglas Elliman during the 4th quarter valued at $77,000. Finally, Virtu Financial LLC acquired a new position in shares of Douglas Elliman in the fourth quarter worth $51,000. 59.56% of the stock is owned by hedge funds and other institutional investors.

Douglas Elliman Stock Down 1.2%

Shares of NYSE:DOUG traded down $0.03 during midday trading on Friday, hitting $2.48. 274,511 shares of the stock were exchanged, compared to its average volume of 855,084. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.78 and a current ratio of 3.78. Douglas Elliman Inc. has a 52-week low of $1.22 and a 52-week high of $3.20. The business's fifty day simple moving average is $2.43 and its two-hundred day simple moving average is $1.98. The company has a market capitalization of $220.08 million, a PE ratio of -5.06 and a beta of 1.75.

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

Insider Activity

In other Douglas Elliman news, Director Patrick J. Bartels, Jr. bought 58,104 shares of the stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $1.92 per share, with a total value of $111,559.68. Following the completion of the transaction, the director directly owned 193,975 shares of the company's stock, valued at $372,432. This represents a 42.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.79% of the company's stock.

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.