Diversified Investment Strategies LLC Buys 307,657 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Diversified Investment Strategies LLC raised its position in shares of Douglas Elliman Inc. (NYSE:DOUG) by 59.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 824,765 shares of the company’s stock after purchasing an additional 307,657 shares during the period. Douglas Elliman accounts for approximately 0.9% of Diversified Investment Strategies LLC’s portfolio, making the stock its 23rd largest holding. Diversified Investment Strategies LLC’s holdings in Douglas Elliman were worth $1,377,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DOUG. Portolan Capital Management LLC bought a new position in Douglas Elliman in the 3rd quarter worth approximately $5,327,000. Whetstone Capital Advisors LLC boosted its holdings in shares of Douglas Elliman by 21.0% in the third quarter. Whetstone Capital Advisors LLC now owns 1,484,347 shares of the company’s stock worth $2,716,000 after acquiring an additional 258,012 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Douglas Elliman by 32.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 589,274 shares of the company’s stock valued at $1,078,000 after purchasing an additional 144,847 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Douglas Elliman by 250.8% in the second quarter. AQR Capital Management LLC now owns 100,295 shares of the company’s stock valued at $116,000 after purchasing an additional 71,703 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Douglas Elliman during the 3rd quarter worth about $121,000. 59.56% of the stock is owned by hedge funds and other institutional investors.

Douglas Elliman Price Performance

Shares of NYSE:DOUG opened at $1.66 on Wednesday. Douglas Elliman Inc. has a 12 month low of $1.00 and a 12 month high of $2.98. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.20. The stock has a market cap of $148.02 million, a P/E ratio of -1.61 and a beta of 1.57. The company has a 50 day moving average of $1.92 and a 200 day moving average of $1.84.

Douglas Elliman (NYSE:DOUG) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $266.32 million during the quarter, compared to the consensus estimate of $239.19 million. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%. During the same period in the previous year, the company posted ($0.06) EPS. As a group, sell-side analysts forecast that Douglas Elliman Inc. will post -0.92 EPS for the current fiscal year.

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.