Douglas Elliman Inc. (NYSE:DOUG – Get Rating) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,600,000 shares, a growth of 12.7% from the October 31st total of 1,420,000 shares. Currently, 2.4% of the company's shares are sold short. Based on an average daily trading volume, of 455,300 shares, the days-to-cover ratio is currently 3.5 days.

Insider Buying and Selling

In other news, CFO J Bryant Kirkland III bought 10,000 shares of the business's stock in a transaction that occurred on Monday, October 10th. The shares were acquired at an average cost of 3.87 per share, with a total value of 38,700.00. Following the transaction, the chief financial officer now owns 450,000 shares of the company's stock, valued at approximately 1,741,500. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Michael Liebowitz acquired 40,000 shares of the business's stock in a transaction on Monday, October 10th. The shares were bought at an average cost of 3.93 per share, with a total value of 157,200.00. Following the completion of the transaction, the director now directly owns 135,587 shares of the company's stock, valued at approximately 532,856.91. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J Bryant Kirkland III acquired 10,000 shares of the business's stock in a transaction on Monday, October 10th. The stock was bought at an average cost of 3.87 per share, for a total transaction of 38,700.00. Following the completion of the transaction, the chief financial officer now directly owns 450,000 shares of the company's stock, valued at 1,741,500. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 278,000 shares of company stock valued at $1,106,495. 7.71% of the stock is currently owned by company insiders.

Institutional Trading of Douglas Elliman

Several large investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its stake in shares of Douglas Elliman by 13.2% during the second quarter. Teacher Retirement System of Texas now owns 15,193 shares of the company's stock valued at $73,000 after acquiring an additional 1,771 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Douglas Elliman by 2.7% during the first quarter. Qube Research & Technologies Ltd now owns 69,804 shares of the company's stock valued at $510,000 after acquiring an additional 1,821 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Douglas Elliman by 7.3% during the second quarter. Maryland State Retirement & Pension System now owns 27,981 shares of the company's stock valued at $134,000 after acquiring an additional 1,896 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Douglas Elliman by 9.5% during the second quarter. Bank of Montreal Can now owns 22,095 shares of the company's stock valued at $111,000 after acquiring an additional 1,914 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Douglas Elliman by 12.1% during the first quarter. PNC Financial Services Group Inc. now owns 18,791 shares of the company's stock valued at $138,000 after acquiring an additional 2,034 shares in the last quarter. 61.07% of the stock is currently owned by institutional investors and hedge funds.

Douglas Elliman Trading Up 1.7 %

Douglas Elliman (NYSE:DOUG – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported -0.05 EPS for the quarter, missing the consensus estimate of 0.09 by -0.14. The company had revenue of 272.59 million during the quarter, compared to analysts' expectations of 338.92 million. Douglas Elliman had a net margin of 2.58% and a return on equity of 10.66%. As a group, research analysts anticipate that Douglas Elliman will post 0.12 earnings per share for the current year.

Douglas Elliman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Monday, December 12th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, December 9th. This represents a $0.20 annualized dividend and a dividend yield of 4.76%. Douglas Elliman's dividend payout ratio is presently 47.62%.

Douglas Elliman Company Profile

(Get Rating)

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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