Investors Buy High Volume of Call Options on Doma (NYSE:DOMA)

Doma Holdings Inc. (NYSE:DOMA) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 2,535 call options on the stock. This is an increase of approximately 1,660% compared to the average volume of 144 call options.

Doma Price Performance

Shares of NYSE DOMA opened at $6.28 on Thursday. The business has a 50 day moving average price of $6.09 and a two-hundred day moving average price of $5.93. Doma has a fifty-two week low of $3.90 and a fifty-two week high of $6.29. The firm has a market cap of $88.00 million, a PE ratio of -0.82 and a beta of 1.58.

Doma (NYSE:DOMA) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($1.29) earnings per share (EPS) for the quarter. The company had revenue of $77.65 million during the quarter. Doma had a negative net margin of 28.68% and a negative return on equity of 2,120.08%.

Hedge Funds Weigh In On Doma

An institutional investor recently raised its position in Doma stock. Renaissance Technologies LLC lifted its position in Doma Holdings Inc. (NYSE:DOMA) by 21.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,407 shares of the company’s stock after acquiring an additional 9,600 shares during the quarter. Renaissance Technologies LLC owned 0.39% of Doma worth $330,000 as of its most recent SEC filing. 20.67% of the stock is owned by institutional investors.

About Doma

Doma Holdings Inc issues residential and commercial title insurance for purchase and refinance transactions in the United States. It operates through two segments, Underwriting; and Corporate and Other. The company offers title insurance underwriting, including policies referred to through its third-party agents' channel; and other insurance services for the residential real estate market.