Alpine Global Management LLC Invests $28,000 in Douglas Elliman Inc. (NYSE:DOUG)

Alpine Global Management LLC bought a new position in shares of Douglas Elliman Inc. (NYSE:DOUG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,481 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atria Investments Inc raised its position in shares of Douglas Elliman by 39.6% during the 4th quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock worth $48,000 after acquiring an additional 8,095 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Douglas Elliman by 17.7% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 82,330 shares of the company’s stock worth $137,000 after acquiring an additional 12,381 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Douglas Elliman during the 4th quarter worth about $25,000. Boothbay Fund Management LLC acquired a new stake in shares of Douglas Elliman during the 4th quarter worth about $27,000. Finally, JPMorgan Chase & Co. raised its position in shares of Douglas Elliman by 79.1% during the 4th quarter. JPMorgan Chase & Co. now owns 38,560 shares of the company’s stock worth $64,000 after acquiring an additional 17,027 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

Insiders Place Their Bets

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 bought 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 directly owns 193,975 shares in the company, valued at approximately $372,432. This represents a 42.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.79% of the stock is currently owned by corporate insiders.

Douglas Elliman Price Performance

Shares of NYSE DOUG opened at $2.92 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. Douglas Elliman Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.20. The firm has a market capitalization of $258.67 million, a PE ratio of -2.83 and a beta of 1.52. The stock’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.87.

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

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.