Cherokee Insurance Co Invests $188,000 in Douglas Elliman Inc. $DOUG

Cherokee Insurance Co acquired a new stake in Douglas Elliman Inc. (NYSE:DOUG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 81,207 shares of the company’s stock, valued at approximately $188,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DOUG. ProShare Advisors LLC acquired a new position in Douglas Elliman during the 2nd quarter valued at $35,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Douglas Elliman in the 2nd quarter worth $39,000. Baader Bank Aktiengesellschaft bought a new position in shares of Douglas Elliman during the 2nd quarter worth about $98,000. American Century Companies Inc. raised its position in shares of Douglas Elliman by 34.1% during the first quarter. American Century Companies Inc. now owns 75,905 shares of the company’s stock valued at $131,000 after buying an additional 19,300 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its position in shares of Douglas Elliman by 5.3% during the first quarter. Jefferies Financial Group Inc. now owns 127,497 shares of the company’s stock valued at $219,000 after buying an additional 6,397 shares during the last quarter. Institutional investors own 59.56% of the company’s stock.

Douglas Elliman Price Performance

Shares of Douglas Elliman stock opened at $2.50 on Friday. The firm has a market cap of $221.61 million, a P/E ratio of -3.56 and a beta of 1.76. The firm’s 50-day simple moving average is $2.71 and its 200-day simple moving average is $2.54. Douglas Elliman Inc. has a twelve month low of $1.48 and a twelve month high of $3.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.30 and a current ratio of 3.30.

Douglas Elliman (NYSE:DOUG) last announced its quarterly earnings results on Tuesday, May 31st. The company reported $0.18 EPS for the quarter. The firm had revenue of $272.78 million during the quarter. Douglas Elliman had a negative net margin of 5.76% and a negative return on equity of 3.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOUG. Weiss Ratings reissued a “sell (d-)” rating on shares of Douglas Elliman in a research report on Wednesday, October 8th. Wall Street Zen upgraded Douglas Elliman from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.