CastleKnight Management LP Takes Position in Douglas Elliman Inc. (NYSE:DOUG)

CastleKnight Management LP purchased a new position in shares of Douglas Elliman Inc. (NYSE:DOUG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 276,764 shares of the company’s stock, valued at approximately $462,000. CastleKnight Management LP owned approximately 0.31% of Douglas Elliman as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Douglas Elliman during the fourth quarter valued at approximately $25,000. Boothbay Fund Management LLC purchased a new stake in Douglas Elliman during the 4th quarter worth $27,000. Alpine Global Management LLC purchased a new stake in Douglas Elliman during the 4th quarter worth $28,000. US Bancorp DE lifted its holdings in Douglas Elliman by 36,851.9% in the 4th quarter. US Bancorp DE now owns 19,954 shares of the company’s stock worth $33,000 after buying an additional 19,900 shares in the last quarter. Finally, Atria Investments Inc boosted its position in Douglas Elliman by 39.6% in the 4th quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock valued at $48,000 after buying an additional 8,095 shares during the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Douglas Elliman Stock Up 0.3 %

Shares of NYSE DOUG opened at $1.83 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. Douglas Elliman Inc. has a 1 year low of $1.00 and a 1 year high of $2.98. The stock’s 50-day simple moving average is $1.70 and its 200-day simple moving average is $1.85. The firm has a market cap of $161.95 million, a price-to-earnings ratio of -1.77 and a beta of 1.52.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $223.19 million. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%.

About Douglas Elliman

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.