Investors Buy Large Volume of Douglas Elliman Call Options (NYSE:DOUG)

Douglas Elliman Inc. (NYSE:DOUG) was the target of unusually large options trading activity on Friday. Stock traders acquired 3,071 call options on the stock. This represents an increase of 3,739% compared to the typical daily volume of 80 call options.

Douglas Elliman Stock Performance

DOUG traded up $0.38 during midday trading on Friday, reaching $1.73. The company had a trading volume of 5,809,534 shares, compared to its average volume of 977,875. The stock has a market cap of $158.16 million, a PE ratio of -2.18 and a beta of 1.35. Douglas Elliman has a 12-month low of $1.00 and a 12-month high of $3.16. The business has a 50-day moving average price of $1.18 and a two-hundred day moving average price of $1.56.

Douglas Elliman (NYSE:DOUG) last released its earnings results on Thursday, May 9th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.26). Douglas Elliman had a negative net margin of 7.05% and a negative return on equity of 20.62%. The company had revenue of $200.24 million during the quarter. During the same quarter last year, the firm posted ($0.18) EPS. On average, research analysts anticipate that Douglas Elliman will post 0.06 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael Liebowitz purchased 197,398 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of $1.18 per share, for a total transaction of $232,929.64. Following the completion of the acquisition, the director now owns 396,968 shares in the company, valued at $468,422.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Richard Lampen bought 30,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were purchased at an average cost of $1.16 per share, for a total transaction of $34,800.00. Following the completion of the purchase, the chief operating officer now directly owns 2,197,804 shares in the company, valued at $2,549,452.64. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Liebowitz bought 197,398 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was bought at an average price of $1.18 per share, for a total transaction of $232,929.64. Following the completion of the purchase, the director now owns 396,968 shares of the company’s stock, valued at $468,422.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 428,644 shares of company stock worth $486,786. 10.26% of the stock is owned by insiders.

Institutional Trading of Douglas Elliman

Hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC raised its position in shares of Douglas Elliman by 21.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 149,320 shares of the company’s stock valued at $440,000 after purchasing an additional 26,660 shares during the period. Venture Visionary Partners LLC bought a new stake in shares of Douglas Elliman in the fourth quarter valued at approximately $50,000. Russell Investments Group Ltd. raised its position in shares of Douglas Elliman by 670.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,108,053 shares of the company’s stock valued at $3,269,000 after purchasing an additional 964,280 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Douglas Elliman in the first quarter valued at approximately $48,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Douglas Elliman by 111.0% in the third quarter. Public Employees Retirement System of Ohio now owns 116,584 shares of the company’s stock valued at $263,000 after purchasing an additional 61,330 shares during the period. Institutional investors own 59.56% of the company’s stock.

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.