Quinn Opportunity Partners LLC Lowers Stake in Douglas Elliman Inc. (NYSE:DOUG)

Quinn Opportunity Partners LLC reduced its position in shares of Douglas Elliman Inc. (NYSE:DOUG) by 26.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 557,587 shares of the company’s stock after selling 197,098 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.63% of Douglas Elliman worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Diversified Investment Strategies LLC boosted its position in Douglas Elliman by 59.5% during the fourth quarter. Diversified Investment Strategies LLC now owns 824,765 shares of the company’s stock valued at $1,377,000 after purchasing an additional 307,657 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Douglas Elliman in the 4th quarter valued at about $3,340,000. First Eagle Investment Management LLC grew its position in shares of Douglas Elliman by 436.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,126,312 shares of the company’s stock worth $1,881,000 after buying an additional 916,210 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Douglas Elliman during the 3rd quarter worth approximately $73,000. Finally, Barclays PLC raised its stake in shares of Douglas Elliman by 3,808,900.0% during the 3rd quarter. Barclays PLC now owns 38,090 shares of the company’s stock worth $70,000 after acquiring an additional 38,089 shares in the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.

Douglas Elliman Price Performance

Shares of DOUG opened at $1.55 on Friday. The company has a 50 day moving average of $1.82 and a two-hundred day moving average of $1.85. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.20. Douglas Elliman Inc. has a twelve month low of $1.00 and a twelve month high of $2.98. The company has a market cap of $137.10 million, a price-to-earnings ratio of -1.50 and a beta of 1.52.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.11. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%. The firm had revenue of $243.32 million during the quarter.

Douglas Elliman Company 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.