Renaissance Technologies LLC Sells 666,700 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Renaissance Technologies LLC cut its stake in shares of Douglas Elliman Inc. (NYSE:DOUG) by 15.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,757,704 shares of the company’s stock after selling 666,700 shares during the period. Renaissance Technologies LLC’s holdings in Douglas Elliman were worth $4,359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DOUG. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Douglas Elliman in the 1st quarter worth approximately $48,000. Los Angeles Capital Management LLC lifted its holdings in Douglas Elliman by 27.6% during the first quarter. Los Angeles Capital Management LLC now owns 190,550 shares of the company’s stock worth $301,000 after acquiring an additional 41,230 shares during the period. Quadrature Capital Ltd bought a new position in Douglas Elliman in the 1st quarter valued at $90,000. Cullen Capital Management LLC increased its position in shares of Douglas Elliman by 28.7% during the 4th 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 during the last quarter. Finally, Diversified Investment Strategies LLC raised its stake in shares of Douglas Elliman by 20.1% during the 1st quarter. Diversified Investment Strategies LLC now owns 462,263 shares of the company’s stock worth $730,000 after purchasing an additional 77,250 shares during the period. 59.56% of the stock is owned by hedge funds and other institutional investors.

Douglas Elliman Stock Performance

DOUG opened at $1.88 on Friday. Douglas Elliman Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.16. The firm has a 50-day moving average of $1.85 and a 200 day moving average of $1.50. The firm has a market cap of $172.64 million, a P/E ratio of -2.35 and a beta of 1.37.

Douglas Elliman (NYSE:DOUG) last released 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. Douglas Elliman had a negative net margin of 6.60% and a negative return on equity of 20.11%. The firm had revenue of $285.75 million during the quarter, compared to the consensus estimate of $282.43 million. Equities research analysts predict that Douglas Elliman Inc. will post -0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Liebowitz acquired 197,398 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of $1.18 per share, for a total transaction of $232,929.64. Following 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 Securities & Exchange Commission, which is available through this link. 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 purchased 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 of the company’s stock, valued at $2,549,452.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Liebowitz acquired 197,398 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average price of $1.18 per share, for a total transaction of $232,929.64. Following the completion of the purchase, the director now owns 396,968 shares in the company, valued at approximately $468,422.24. The disclosure for this purchase can be found here. Insiders bought 428,644 shares of company stock valued at $486,786 over the last ninety days. 10.26% of the stock is currently owned by insiders.

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.