Insider Buying: Douglas Elliman Inc. (NYSE:DOUG) COO Buys 30,000 Shares of Stock

Douglas Elliman Inc. (NYSE:DOUGGet Free Report) COO Richard Lampen bought 30,000 shares of Douglas Elliman stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average cost of $1.16 per share, for a total transaction of $34,800.00. Following the completion of the transaction, the chief operating officer now directly owns 2,197,804 shares in the company, valued at $2,549,452.64. The transaction was disclosed in a filing with the SEC, which is available at this link.

Richard Lampen also recently made the following trade(s):

  • On Friday, July 5th, Richard Lampen purchased 125,000 shares of Douglas Elliman stock. The shares were acquired at an average price of $1.08 per share, for a total transaction of $135,000.00.

Douglas Elliman Stock Up 3.5 %

Shares of Douglas Elliman stock opened at $1.17 on Wednesday. The company has a 50 day moving average price of $1.18 and a 200 day moving average price of $1.68. The firm has a market capitalization of $106.96 million, a P/E ratio of -1.46 and a beta of 1.35. Douglas Elliman Inc. has a 52 week low of $1.00 and a 52 week high of $3.16.

Douglas Elliman (NYSE:DOUGGet Free Report) last issued 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 company had revenue of $200.24 million for the quarter. During the same quarter last year, the firm earned ($0.18) EPS. As a group, research analysts anticipate that Douglas Elliman Inc. will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Douglas Elliman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. grew its stake in Douglas Elliman by 159.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,563,140 shares of the company’s stock valued at $3,533,000 after purchasing an additional 961,592 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Douglas Elliman by 21.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 149,320 shares of the company’s stock worth $440,000 after purchasing an additional 26,660 shares during the last quarter. Venture Visionary Partners LLC acquired a new stake in shares of Douglas Elliman during the fourth quarter worth about $50,000. Russell Investments Group Ltd. boosted its position in Douglas Elliman by 670.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,108,053 shares of the company’s stock valued at $3,269,000 after buying an additional 964,280 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Douglas Elliman by 111.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 116,584 shares of the company’s stock worth $263,000 after buying an additional 61,330 shares during the period. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Douglas Elliman Company Profile

(Get Free Report)

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.

Further Reading

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