Point72 DIFC Ltd Buys 25,421 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Point72 DIFC Ltd increased its stake in Douglas Elliman Inc. (NYSE:DOUG) by 2,757.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 26,343 shares of the company’s stock after acquiring an additional 25,421 shares during the period. Point72 DIFC Ltd’s holdings in Douglas Elliman were worth $31,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Douglas Elliman during the first quarter valued at approximately $48,000. Quadrature Capital Ltd bought a new position in shares of Douglas Elliman during the first quarter valued at approximately $90,000. Los Angeles Capital Management LLC increased its stake in shares of Douglas Elliman by 27.6% during the first quarter. Los Angeles Capital Management LLC now owns 190,550 shares of the company’s stock valued at $301,000 after purchasing an additional 41,230 shares in the last quarter. Cullen Capital Management LLC increased its stake in shares of Douglas Elliman by 28.7% during the fourth quarter. Cullen Capital Management LLC now owns 257,986 shares of the company’s stock valued at $761,000 after purchasing an additional 57,473 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its stake in shares of Douglas Elliman by 55.0% during the first quarter. Clifford Capital Partners LLC now owns 291,881 shares of the company’s stock valued at $461,000 after purchasing an additional 103,605 shares in the last quarter. 59.56% of the stock is owned by institutional investors.

Insider Activity at Douglas Elliman

In other news, Director Mark Zeitchick purchased 58,313 shares of Douglas Elliman stock in a transaction that occurred on Monday, July 8th. The stock was bought at an average price of $1.10 per share, with a total value of $64,144.30. Following the completion of the transaction, the director now directly owns 202,873 shares of the company’s stock, valued at $223,160.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark Zeitchick purchased 58,313 shares of Douglas Elliman stock in a transaction that occurred on Monday, July 8th. The stock was bought at an average price of $1.10 per share, with a total value of $64,144.30. Following the completion of the transaction, the director now directly owns 202,873 shares of the company’s stock, valued at $223,160.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Richard Lampen purchased 30,000 shares of Douglas Elliman stock in a transaction that occurred on Tuesday, July 9th. The shares were purchased at an average cost of $1.16 per share, with a total value of $34,800.00. Following the transaction, the chief operating officer now directly owns 2,197,804 shares of the company’s stock, valued at $2,549,452.64. The disclosure for this purchase can be found here. Insiders bought 428,644 shares of company stock valued at $486,786 over the last 90 days. Corporate insiders own 10.26% of the company’s stock.

Douglas Elliman Stock Performance

Shares of NYSE DOUG opened at $1.88 on Monday. Douglas Elliman Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.16. The company has a 50 day simple moving average of $1.85 and a two-hundred day simple moving average of $1.49. The company has a market capitalization of $171.87 million, a price-to-earnings ratio of -2.35 and a beta of 1.37.

Douglas Elliman (NYSE:DOUG) last announced its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $285.75 million during the quarter, compared to the consensus estimate of $282.43 million. Douglas Elliman had a negative net margin of 6.60% and a negative return on equity of 20.11%. On average, analysts forecast that Douglas Elliman Inc. will post -0.55 earnings per share for the current fiscal year.

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.