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

Pekin Hardy Strauss Inc. bought a new position in shares of Douglas Elliman Inc. (NYSE:DOUG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DOUG. Boothbay Fund Management LLC bought a new stake in shares of Douglas Elliman during the 4th quarter worth approximately $27,000. Alpine Global Management LLC bought a new stake in shares of Douglas Elliman during the 4th quarter worth approximately $28,000. US Bancorp DE raised its stake in shares of Douglas Elliman by 36,851.9% during the 4th quarter. US Bancorp DE now owns 19,954 shares of the company's stock worth $33,000 after purchasing an additional 19,900 shares in the last quarter. Atria Investments Inc raised 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 worth $48,000 after purchasing an additional 8,095 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Douglas Elliman during the 4th quarter worth approximately $51,000. 59.56% of the stock is owned by institutional investors.

Insider Activity at Douglas Elliman

In other news, Director Patrick J. Bartels, Jr. purchased 58,104 shares of the business's stock in a transaction dated 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 purchase, the director owned 193,975 shares of the company's stock, valued at $372,432. This trade represents a 42.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 6.79% of the company's stock.

Douglas Elliman Stock Performance

DOUG traded up $0.06 during trading hours on Thursday, reaching $2.57. The company's stock had a trading volume of 122,877 shares, compared to its average volume of 794,207. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.78 and a current ratio of 3.78. The firm has a market cap of $227.62 million, a PE ratio of -5.23 and a beta of 1.75. The company's 50-day moving average is $2.42 and its 200-day moving average is $1.98. Douglas Elliman Inc. has a 52 week low of $1.22 and a 52 week high of $3.20.

Douglas Elliman (NYSE:DOUG - Get Free Report) last released its earnings results 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). The company 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%.

About Douglas Elliman

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.