Rhumbline Advisers Decreases Stake in Douglas Elliman Inc. (NYSE:DOUG)

Rhumbline Advisers decreased its holdings in Douglas Elliman Inc. (NYSE:DOUG) by 67.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,223 shares of the company’s stock after selling 84,127 shares during the quarter. Rhumbline Advisers’ holdings in Douglas Elliman were worth $47,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DOUG. GSA Capital Partners LLP boosted its stake in shares of Douglas Elliman by 116.9% during the 1st quarter. GSA Capital Partners LLP now owns 786,570 shares of the company’s stock worth $1,243,000 after acquiring an additional 423,875 shares in the last quarter. Vanguard Group Inc. boosted its position in Douglas Elliman by 5.8% during the first quarter. Vanguard Group Inc. now owns 3,789,014 shares of the company’s stock worth $5,987,000 after purchasing an additional 209,393 shares in the last quarter. Clifford Capital Partners LLC boosted its position in Douglas Elliman by 55.0% during the first quarter. Clifford Capital Partners LLC now owns 291,881 shares of the company’s stock worth $461,000 after purchasing an additional 103,605 shares in the last quarter. Diversified Investment Strategies LLC grew its holdings in Douglas Elliman by 20.1% in the first quarter. Diversified Investment Strategies LLC now owns 462,263 shares of the company’s stock valued at $730,000 after purchasing an additional 77,250 shares during the last quarter. Finally, Cullen Capital Management LLC increased its position in shares of Douglas Elliman by 28.7% in the fourth quarter. Cullen Capital Management LLC now owns 257,986 shares of the company’s stock valued at $761,000 after buying an additional 57,473 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

Insider Transactions at Douglas Elliman

In related news, COO Richard Lampen purchased 30,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was bought at an average cost of $1.16 per share, with a total value of $34,800.00. Following the completion of the acquisition, the chief operating officer now directly owns 2,197,804 shares in the company, valued at approximately $2,549,452.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Michael Liebowitz acquired 197,398 shares of Douglas Elliman stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average price of $1.18 per share, with a total value of $232,929.64. Following the completion of the purchase, the director now owns 396,968 shares of the company’s stock, valued at approximately $468,422.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Richard Lampen bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were purchased at an average price of $1.16 per share, for a total transaction of $34,800.00. Following the transaction, the chief operating officer now owns 2,197,804 shares of the company’s stock, valued at approximately $2,549,452.64. The disclosure for this purchase can be found here. Insiders acquired a total of 428,644 shares of company stock valued at $486,786 in the last ninety days. Corporate insiders own 10.26% of the company’s stock.

Douglas Elliman Stock Down 2.7 %

NYSE:DOUG opened at $1.83 on Tuesday. Douglas Elliman Inc. has a 52-week low of $1.00 and a 52-week high of $3.16. The stock has a fifty day simple moving average of $1.86 and a 200-day simple moving average of $1.49. The company has a market capitalization of $167.30 million, a PE ratio of -2.29 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Douglas Elliman had a negative net margin of 6.60% and a negative return on equity of 20.11%. The company had revenue of $285.75 million during the quarter, compared to analysts’ expectations of $282.43 million. As a group, equities analysts anticipate that Douglas Elliman Inc. will post -0.55 earnings per share for the current year.

Douglas Elliman 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.