OMERS ADMINISTRATION Corp Purchases New Position in Douglas Elliman Inc. (NYSE:DOUG)

OMERS ADMINISTRATION Corp bought a new position in shares of Douglas Elliman Inc. (NYSE:DOUG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 163,800 shares of the company’s stock, valued at approximately $274,000. OMERS ADMINISTRATION Corp owned about 0.18% of Douglas Elliman at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc grew its stake in shares of Douglas Elliman by 39.6% in the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock worth $48,000 after purchasing an additional 8,095 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Douglas Elliman in the fourth quarter valued at $25,000. Boothbay Fund Management LLC acquired a new stake in Douglas Elliman in the fourth quarter valued at $27,000. Alpine Global Management LLC acquired a new stake in Douglas Elliman in the fourth quarter valued at $28,000. Finally, JPMorgan Chase & Co. increased its holdings in Douglas Elliman by 79.1% in the fourth quarter. JPMorgan Chase & Co. now owns 38,560 shares of the company’s stock valued at $64,000 after purchasing an additional 17,027 shares during the period. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Douglas Elliman Stock Performance

NYSE DOUG opened at $2.23 on Tuesday. The company has a market capitalization of $197.89 million, a price-to-earnings ratio of -2.17 and a beta of 1.52. Douglas Elliman Inc. has a twelve month low of $1.00 and a twelve month high of $2.98. The stock has a fifty day simple moving average of $1.75 and a 200 day simple moving average of $1.86. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.20.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%. The company had revenue of $253.40 million during the quarter, compared to analyst estimates of $223.19 million.

Insider Activity

In other news, Director Patrick J. Bartels, Jr. purchased 58,104 shares of the business’s stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $1.92 per share, with a total value of $111,559.68. Following the completion of the transaction, the director now owns 193,975 shares of the company’s stock, valued at $372,432. The trade was a 42.76% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.79% of the company’s stock.

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.