Public Employees Retirement System of Ohio Sells 13,100 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Public Employees Retirement System of Ohio reduced its holdings in shares of Douglas Elliman Inc. (NYSE:DOUG) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,700 shares of the company’s stock after selling 13,100 shares during the period. Public Employees Retirement System of Ohio’s holdings in Douglas Elliman were worth $108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DOUG. Golden State Wealth Management LLC bought a new position in Douglas Elliman during the fourth quarter valued at approximately $25,000. Boothbay Fund Management LLC bought a new position in Douglas Elliman during the fourth quarter valued at approximately $27,000. Alpine Global Management LLC bought a new position in Douglas Elliman during the fourth quarter valued at approximately $28,000. US Bancorp DE grew its position in Douglas Elliman by 36,851.9% during the fourth quarter. US Bancorp DE now owns 19,954 shares of the company’s stock valued at $33,000 after acquiring an additional 19,900 shares during the last quarter. Finally, Atria Investments Inc grew its position in Douglas Elliman by 39.6% during the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock valued at $48,000 after acquiring an additional 8,095 shares during the last quarter. 59.56% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Patrick J. Bartels, Jr. acquired 58,104 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $1.92 per share, with a total value of $111,559.68. Following the completion of the purchase, the director now owns 193,975 shares in the company, valued at $372,432. This trade represents a 42.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.79% of the company’s stock.

Douglas Elliman Stock Performance

NYSE:DOUG opened at $2.70 on Friday. The firm has a market cap of $239.59 million, a PE ratio of -2.62 and a beta of 1.85. Douglas Elliman Inc. has a fifty-two week low of $1.03 and a fifty-two week high of $3.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. The business has a 50 day moving average price of $1.99 and a 200-day moving average price of $1.93.

Douglas Elliman (NYSE:DOUG) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $223.19 million. Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%.

About Douglas Elliman

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.