eXp World (NASDAQ:EXPI) Shares Down 4.4% Following Insider Selling

eXp World Holdings, Inc. (NASDAQ:EXPI) shares fell 4.4% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $11.35 and last traded at $11.24. 83,262 shares traded hands during trading, a decline of 91% from the average session volume of 944,201 shares. The stock had previously closed at $11.76.

Specifically, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $11.59, for a total value of $289,750.00. Following the completion of the sale, the chief executive officer now owns 40,072,450 shares in the company, valued at approximately $464,439,695.50. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

eXp World Stock Down 3.4 %

The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -51.64 and a beta of 2.30. The stock’s 50-day moving average price is $12.25 and its 200-day moving average price is $12.88.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.76%. eXp World’s dividend payout ratio (DPR) is currently -90.91%.

Institutional Investors Weigh In On eXp World

Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Advocates Investment Management increased its position in eXp World by 9.6% in the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock worth $160,000 after purchasing an additional 1,000 shares during the period. Amalgamated Bank grew its stake in shares of eXp World by 6.1% during the third quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock worth $344,000 after purchasing an additional 1,412 shares during the period. Olympiad Research LP increased its stake in shares of eXp World by 4.7% in the 3rd quarter. Olympiad Research LP now owns 38,846 shares of the technology company’s stock valued at $547,000 after acquiring an additional 1,734 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in eXp World by 4.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 40,900 shares of the technology company’s stock worth $576,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of eXp World by 3.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock worth $936,000 after purchasing an additional 2,126 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.