Insider Buying: Douglas Elliman Inc. (NYSE:DOUG) Director Purchases 58,104 Shares of Stock

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) Director Patrick J. Bartels, Jr. acquired 58,104 shares of Douglas Elliman stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $1.92 per share, for a total transaction of $111,559.68. Following the completion of the transaction, the director now owns 193,975 shares in the company, valued at approximately $372,432. This trade represents a 42.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Douglas Elliman Stock Up 1.1%

Shares of DOUG stock traded up $0.03 during mid-day trading on Friday, reaching $2.21. 1,149,653 shares of the company's stock traded hands, compared to its average volume of 838,199. Douglas Elliman Inc. has a 12 month low of $1.00 and a 12 month high of $2.98. The company has a market cap of $195.67 million, a P/E ratio of -2.14 and a beta of 1.52. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.20. The company's 50-day moving average price is $1.74 and its 200-day moving average price is $1.86.

Douglas Elliman (NYSE:DOUG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The firm had revenue of $253.40 million during the quarter, compared to the consensus estimate of $223.19 million. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%.

Hedge Funds Weigh In On Douglas Elliman

Hedge funds have recently bought and sold shares of the company. Diversified Investment Strategies LLC lifted its stake in Douglas Elliman by 59.5% during the 4th quarter. Diversified Investment Strategies LLC now owns 824,765 shares of the company's stock valued at $1,377,000 after acquiring an additional 307,657 shares during the period. Truffle Hound Capital LLC bought a new position in Douglas Elliman during the 4th quarter valued at about $3,340,000. Kennedy Capital Management LLC lifted its stake in Douglas Elliman by 699.8% during the 4th quarter. Kennedy Capital Management LLC now owns 443,504 shares of the company's stock valued at $741,000 after acquiring an additional 388,051 shares during the period. First Eagle Investment Management LLC lifted its stake in 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 during the period. Finally, Renaissance Technologies LLC lifted its stake in Douglas Elliman by 11.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,361,804 shares of the company's stock valued at $7,284,000 after acquiring an additional 461,093 shares during the period. Institutional investors own 59.56% of the company's stock.

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.