Truffle Hound Capital LLC Has $3.96 Million Holdings in Douglas Elliman Inc. (NYSE:DOUG)

Truffle Hound Capital LLC increased its stake in shares of Douglas Elliman Inc. (NYSE:DOUG) by 15.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,300,000 shares of the company’s stock after acquiring an additional 300,000 shares during the period. Douglas Elliman comprises about 1.4% of Truffle Hound Capital LLC’s portfolio, making the stock its 20th largest position. Truffle Hound Capital LLC’s holdings in Douglas Elliman were worth $3,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jefferies Financial Group Inc. boosted its position in Douglas Elliman by 5.3% during the 1st quarter. Jefferies Financial Group Inc. now owns 127,497 shares of the company’s stock worth $219,000 after acquiring an additional 6,397 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Douglas Elliman by 17.7% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 82,330 shares of the company’s stock worth $137,000 after purchasing an additional 12,381 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Douglas Elliman by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 30,000 shares of the company’s stock worth $52,000 after purchasing an additional 15,000 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Douglas Elliman during the fourth quarter worth $27,000. Finally, Alpine Global Management LLC bought a new position in Douglas Elliman in the fourth quarter valued at $28,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Douglas Elliman

In other news, Director Patrick J. Bartels, Jr. purchased 58,104 shares of the company’s stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $1.92 per share, with a total value of $111,559.68. Following the completion of the transaction, the director owned 193,975 shares of the company’s stock, valued at $372,432. The trade was a 42.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.79% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Douglas Elliman from a “hold” rating to a “sell” rating in a research report on Saturday.

Douglas Elliman Price Performance

NYSE:DOUG opened at $2.14 on Friday. Douglas Elliman Inc. has a 52-week low of $1.35 and a 52-week high of $3.20. The company has a market cap of $189.90 million, a P/E ratio of -2.89 and a beta of 1.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.78 and a current ratio of 3.78. The stock’s 50-day simple moving average is $2.62 and its 200 day simple moving average is $2.10.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.09). Douglas Elliman had a negative return on equity of 6.81% and a negative net margin of 5.98%. The company had revenue of $271.37 million for the quarter, compared to analyst estimates of $333.91 million.

Douglas Elliman 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.