Clearline Capital LP Boosts Position in Douglas Elliman Inc. (NYSE:DOUG)

Clearline Capital LP grew its position in Douglas Elliman Inc. (NYSE:DOUG) by 328.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,346,104 shares of the company’s stock after purchasing an additional 3,330,701 shares during the period. Clearline Capital LP’s holdings in Douglas Elliman were worth $5,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DOUG. Point72 DIFC Ltd grew its stake in Douglas Elliman by 2,757.2% in the 2nd quarter. Point72 DIFC Ltd now owns 26,343 shares of the company’s stock valued at $31,000 after acquiring an additional 25,421 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Douglas Elliman in the first quarter valued at approximately $48,000. Quadrature Capital Ltd purchased a new position in shares of Douglas Elliman during the 1st quarter worth approximately $90,000. AQR Capital Management LLC raised its position in shares of Douglas Elliman by 250.8% during the 2nd quarter. AQR Capital Management LLC now owns 100,295 shares of the company’s stock worth $116,000 after purchasing an additional 71,703 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in Douglas Elliman by 96.4% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 131,224 shares of the company’s stock valued at $152,000 after buying an additional 64,416 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Stock Performance

Shares of NYSE:DOUG opened at $1.88 on Friday. The business’s fifty day moving average price is $1.85 and its two-hundred day moving average price is $1.50. The stock has a market cap of $172.64 million, a PE ratio of -2.35 and a beta of 1.37. Douglas Elliman Inc. has a one year low of $1.00 and a one year high of $3.16.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Douglas Elliman had a negative return on equity of 20.11% and a negative net margin of 6.60%. The firm had revenue of $285.75 million during the quarter, compared to analysts’ expectations of $282.43 million. As a group, 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, COO Richard Lampen acquired 30,000 shares of Douglas Elliman stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average price of $1.16 per share, with a total value of $34,800.00. Following the completion of the purchase, the chief operating officer now owns 2,197,804 shares of the company’s stock, valued at approximately $2,549,452.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Douglas Elliman news, Director Mark Zeitchick acquired 58,313 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were acquired at an average price of $1.10 per share, for a total transaction of $64,144.30. Following the completion of the acquisition, the director now directly owns 202,873 shares of the company’s stock, valued at $223,160.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Richard Lampen acquired 30,000 shares of the stock in a transaction dated Tuesday, July 9th. The stock was acquired 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 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 have bought 428,644 shares of company stock valued at $486,786 in the last ninety days. Insiders own 10.26% of the company’s stock.

About Douglas Elliman

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.