Pacer Advisors Inc. Invests $60.77 Million in eXp World Holdings, Inc. (NASDAQ:EXPI)

Pacer Advisors Inc. acquired a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) during the 4th quarter, HoldingsChannel reports. The fund acquired 5,279,455 shares of the technology company’s stock, valued at approximately $60,767,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPI. Financial Advocates Investment Management increased its position in shares of eXp World by 9.6% in the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock valued at $160,000 after buying an additional 1,000 shares in the last quarter. Amalgamated Bank raised its position in 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 acquiring an additional 1,412 shares during the period. Olympiad Research LP lifted its holdings in eXp World by 4.7% during the third quarter. Olympiad Research LP now owns 38,846 shares of the technology company’s stock valued at $547,000 after purchasing an additional 1,734 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of eXp World by 4.9% in the third quarter. Louisiana State Employees Retirement System now owns 40,900 shares of the technology company’s stock valued at $576,000 after purchasing an additional 1,900 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of eXp World by 3.3% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Trading Up 3.0 %

Shares of eXp World stock opened at $11.43 on Tuesday. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $15.39. The firm’s 50-day moving average price is $12.29 and its 200 day moving average price is $12.89. The firm has a market capitalization of $1.76 billion, a PE ratio of -51.95 and a beta of 2.30.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Monday, November 18th. eXp World’s payout ratio is -90.91%.

Insider Activity at eXp World

In other eXp World news, insider James Bramble sold 25,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total value of $351,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn Darrel Sanford sold 36,630 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $11.97, for a total value of $438,461.10. Following the completion of the sale, the chief executive officer now owns 40,172,450 shares of the company’s stock, valued at $480,864,226.50. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 505,736 shares of company stock valued at $6,656,190. 35.70% of the stock is owned by insiders.

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.