Howard M. Lorber Acquires 15,328 Shares of Douglas Elliman Inc. (NYSE:DOUG) Stock

Douglas Elliman Inc. (NYSE:DOUG) CEO Howard M. Lorber purchased 15,328 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were acquired at an average cost of $1.09 per share, for a total transaction of $16,707.52. Following the purchase, the chief executive officer now owns 5,320,866 shares of the company’s stock, valued at $5,799,743.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Douglas Elliman Stock Up 5.6 %

Douglas Elliman stock traded up $0.07 during mid-day trading on Wednesday, reaching $1.24. 2,678,914 shares of the company’s stock traded hands, compared to its average volume of 946,752. The company has a market cap of $112.90 million, a price-to-earnings ratio of -1.54 and a beta of 1.35. The stock has a 50 day moving average of $1.18 and a two-hundred day moving average of $1.68. Douglas Elliman Inc. has a 12-month low of $1.00 and a 12-month high of $3.16.

Douglas Elliman (NYSE:DOUG) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.26). Douglas Elliman had a negative net margin of 7.05% and a negative return on equity of 20.62%. The business had revenue of $200.24 million for the quarter. During the same quarter last year, the firm posted ($0.18) earnings per share. As a group, sell-side analysts forecast that Douglas Elliman Inc. will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Truist Financial Corp bought a new position in Douglas Elliman during the fourth quarter valued at $42,000. Tower Research Capital LLC TRC increased its position in Douglas Elliman by 280.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,627 shares of the company’s stock valued at $46,000 after acquiring an additional 11,515 shares during the last quarter. Venture Visionary Partners LLC bought a new position in Douglas Elliman during the fourth quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Douglas Elliman during the first quarter valued at $48,000. Finally, SG Americas Securities LLC increased its position in Douglas Elliman by 15.7% during the fourth quarter. SG Americas Securities LLC now owns 42,705 shares of the company’s stock valued at $126,000 after acquiring an additional 5,791 shares during the last quarter. Institutional investors own 59.56% of the company’s stock.

Douglas Elliman Company 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.