Clifford Capital Partners LLC Acquires 57,770 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Clifford Capital Partners LLC grew its position in Douglas Elliman Inc. (NYSE:DOUG) by 19.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,651 shares of the company’s stock after purchasing an additional 57,770 shares during the period. Clifford Capital Partners LLC owned about 0.38% of Douglas Elliman worth $406,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd lifted its position in shares of Douglas Elliman by 2,757.2% during the second quarter. Point72 DIFC Ltd now owns 26,343 shares of the company’s stock worth $31,000 after acquiring an additional 25,421 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Douglas Elliman by 96.4% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 131,224 shares of the company’s stock valued at $152,000 after purchasing an additional 64,416 shares in the last quarter. Clearline Capital LP grew its stake in shares of Douglas Elliman by 328.0% during the second quarter. Clearline Capital LP now owns 4,346,104 shares of the company’s stock valued at $5,041,000 after buying an additional 3,330,701 shares during the last quarter. AQR Capital Management LLC increased its stake in Douglas Elliman by 250.8% in the 2nd quarter. AQR Capital Management LLC now owns 100,295 shares of the company’s stock worth $116,000 after purchasing an additional 71,703 shares during the period. Finally, XTX Topco Ltd raised its holdings in Douglas Elliman by 125.1% during the 2nd quarter. XTX Topco Ltd now owns 354,121 shares of the company’s stock valued at $411,000 after buying an additional 196,801 shares during the last quarter. Institutional investors own 59.56% of the company’s stock.

Douglas Elliman Stock Performance

DOUG opened at $1.82 on Wednesday. The stock’s 50 day moving average price is $1.87 and its 200-day moving average price is $1.49. Douglas Elliman Inc. has a 52-week low of $1.00 and a 52-week high of $3.16. The stock has a market capitalization of $166.38 million, a PE ratio of -2.28 and a beta of 1.37.

Douglas Elliman (NYSE:DOUG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $285.75 million for the quarter, compared to analysts’ expectations of $282.43 million. Douglas Elliman had a negative return on equity of 20.11% and a negative net margin of 6.60%. Research analysts forecast that Douglas Elliman Inc. will post -0.55 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Liebowitz acquired 197,398 shares of Douglas Elliman stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average cost of $1.18 per share, with a total value of $232,929.64. Following the completion of the purchase, the director now directly owns 396,968 shares in the company, valued at approximately $468,422.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Richard Lampen acquired 30,000 shares of the stock in a transaction dated Tuesday, July 9th. The stock was acquired at an average cost of $1.16 per share, with a total value of $34,800.00. Following the purchase, 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 is accessible through this hyperlink. Also, Director Michael Liebowitz purchased 197,398 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of $1.18 per share, with a total value of $232,929.64. Following the completion of the purchase, the director now owns 396,968 shares in the company, valued at approximately $468,422.24. The disclosure for this purchase can be found here. Insiders have bought 428,644 shares of company stock valued at $486,786 in the last ninety days. 10.26% of the stock is currently owned by company insiders.

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.