Dominari Holdings Inc. (NASDAQ:DOMH – Get Free Report) President Kyle Michael Wool acquired 50,000 shares of Dominari stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of $2.02 per share, with a total value of $101,000.00. Following the purchase, the president directly owned 4,261,828 shares of the company’s stock, valued at approximately $8,608,892.56. This trade represents a 1.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Dominari Stock Down 1.8%
Shares of NASDAQ:DOMH opened at $2.15 on Thursday. Dominari Holdings Inc. has a twelve month low of $1.91 and a twelve month high of $8.40. The stock’s 50 day moving average is $2.52 and its 200-day moving average is $2.90. The firm has a market capitalization of $52.12 million, a price-to-earnings ratio of -0.40 and a beta of 0.87.
Dominari (NASDAQ:DOMH – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.13. Dominari had a negative net margin of 51.61% and a negative return on equity of 235.37%. The business had revenue of $16.79 million during the quarter, compared to the consensus estimate of $16.79 million.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Dominari
Institutional Investors Weigh In On Dominari
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creek Drive Management Group LLC purchased a new stake in shares of Dominari during the fourth quarter valued at approximately $1,861,000. Connective Capital Management LLC boosted its position in Dominari by 112.9% in the second quarter. Connective Capital Management LLC now owns 243,223 shares of the company’s stock worth $764,000 after purchasing an additional 128,994 shares during the last quarter. Renaissance Technologies LLC boosted its position in Dominari by 59.1% in the first quarter. Renaissance Technologies LLC now owns 132,362 shares of the company’s stock worth $430,000 after purchasing an additional 49,162 shares during the last quarter. Finally, PFG Investments LLC grew its stake in Dominari by 36.3% in the 1st quarter. PFG Investments LLC now owns 14,475 shares of the company’s stock valued at $47,000 after purchasing an additional 3,855 shares during the period. Hedge funds and other institutional investors own 42.48% of the company’s stock.
Dominari Company Profile
Dominari Holdings Inc is a diversified holding company that operates primarily through subsidiaries focused on financial services and investment activities. The company’s business includes securities brokerage, investment banking, wealth management and related capital-markets services.
Its principal operating platform, Dominari Securities LLC, is a U.S. broker-dealer that provides services to institutional and individual clients, including securities transactions, investment research, corporate finance and advisory support.
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