Los Angeles Capital Management LLC trimmed its stake in shares of Douglas Elliman Inc. (NYSE:DOUG – Get Rating) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,569 shares of the company's stock after selling 6,201 shares during the period. Los Angeles Capital Management LLC owned approximately 0.36% of Douglas Elliman worth $1,195,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Diversified Investment Strategies LLC increased its holdings in Douglas Elliman by 7.8% during the third quarter. Diversified Investment Strategies LLC now owns 206,044 shares of the company's stock valued at $845,000 after buying an additional 14,983 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Douglas Elliman in the third quarter worth approximately $132,000. Amundi bought a new position in shares of Douglas Elliman in the second quarter worth approximately $38,000. Captrust Financial Advisors boosted its position in shares of Douglas Elliman by 108.7% in the second quarter. Captrust Financial Advisors now owns 10,042 shares of the company's stock worth $48,000 after purchasing an additional 5,230 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Douglas Elliman by 26.1% in the second quarter. Thrivent Financial for Lutherans now owns 67,840 shares of the company's stock worth $325,000 after purchasing an additional 14,060 shares during the period. 60.70% of the stock is owned by hedge funds and other institutional investors.
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Douglas Elliman Price Performance
DOUG opened at $4.59 on Tuesday. The company has a 50 day simple moving average of $4.09 and a two-hundred day simple moving average of $4.63. Douglas Elliman Inc. has a 1-year low of $3.50 and a 1-year high of $9.10. The firm has a market cap of $372.93 million and a P/E ratio of 10.95.
Douglas Elliman (NYSE:DOUG – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Douglas Elliman had a return on equity of 10.66% and a net
margin of 2.58%. The company had revenue of $272.59 million for the quarter, compared to the consensus estimate of $338.92 million. Equities analysts anticipate that Douglas Elliman Inc. will post 0.12 earnings per share for the current year.
Douglas Elliman Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Monday, December 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, December 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.36%. Douglas Elliman's dividend payout ratio is 47.62%.
Douglas Elliman Company Profile
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Douglas Elliman Inc engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas.
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