Point72 Asia Singapore Pte. Ltd. Acquires 64,416 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in Douglas Elliman Inc. (NYSE:DOUG) by 96.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,224 shares of the company’s stock after buying an additional 64,416 shares during the period. Point72 Asia Singapore Pte. Ltd. owned approximately 0.14% of Douglas Elliman worth $152,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DOUG. Point72 DIFC Ltd boosted its position in shares of Douglas Elliman by 2,757.2% in the 2nd quarter. Point72 DIFC Ltd now owns 26,343 shares of the company’s stock worth $31,000 after purchasing an additional 25,421 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Douglas Elliman in the first quarter valued at about $48,000. Los Angeles Capital Management LLC boosted its holdings in Douglas Elliman by 27.6% during the first quarter. Los Angeles Capital Management LLC now owns 190,550 shares of the company’s stock worth $301,000 after buying an additional 41,230 shares during the last quarter. Quadrature Capital Ltd bought a new position in Douglas Elliman during the first quarter worth about $90,000. Finally, Cullen Capital Management LLC grew its position in shares of Douglas Elliman by 28.7% during the 4th quarter. Cullen Capital Management LLC now owns 257,986 shares of the company’s stock worth $761,000 after buying an additional 57,473 shares during the period. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Price Performance

Shares of NYSE:DOUG opened at $1.88 on Friday. The firm’s 50 day simple moving average is $1.85 and its 200 day simple moving average is $1.50. Douglas Elliman Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.16. The company has a market capitalization of $172.64 million, a price-to-earnings ratio of -2.35 and a beta of 1.37.

Douglas Elliman (NYSE:DOUG) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Douglas Elliman had a negative net margin of 6.60% and a negative return on equity of 20.11%. The company had revenue of $285.75 million for the quarter, compared to analyst estimates of $282.43 million. Equities research analysts expect that Douglas Elliman Inc. will post -0.55 earnings per share for the current year.

Insider Buying and Selling

In other Douglas Elliman news, COO Richard Lampen purchased 30,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was bought at an average cost of $1.16 per share, for a total transaction of $34,800.00. Following the completion of the acquisition, the chief operating officer now directly owns 2,197,804 shares of the company’s stock, valued at $2,549,452.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Mark Zeitchick acquired 58,313 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were acquired at an average cost of $1.10 per share, with a total value of $64,144.30. Following the transaction, the director now owns 202,873 shares of the company’s stock, valued at approximately $223,160.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Richard Lampen bought 30,000 shares of the stock in a transaction on Tuesday, July 9th. The shares were purchased at an average price of $1.16 per share, with a total value of $34,800.00. Following the acquisition, the chief operating officer now owns 2,197,804 shares in the company, valued at approximately $2,549,452.64. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 428,644 shares of company stock valued at $486,786. 10.26% of the stock is owned by company insiders.

Douglas Elliman Company 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.