Insider Buying: Dominari (NASDAQ:DOMH) CEO Acquires $101,000.00 in Stock

Dominari Holdings Inc. (NASDAQ:DOMH) CEO Anthony Hayes acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $2.02 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the chief executive officer owned 4,550,873 shares of the company’s stock, valued at $9,192,763.46. The trade was a 1.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Dominari Price Performance

Shares of Dominari stock opened at $2.15 on Thursday. Dominari Holdings Inc. has a 1 year low of $1.91 and a 1 year high of $8.40. The firm has a market cap of $52.12 million, a PE ratio of -0.40 and a beta of 0.87. The company has a 50 day simple moving average of $2.52 and a two-hundred day simple moving average of $2.90.

Dominari (NASDAQ:DOMH) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.13. The firm had revenue of $16.79 million for the quarter, compared to analyst estimates of $16.79 million. Dominari had a negative net margin of 51.61% and a negative return on equity of 235.37%.

Analyst Ratings Changes

A number of research firms recently commented on DOMH. Weiss Ratings reissued a “sell (d-)” rating on shares of Dominari in a research note on Monday, July 6th. Wall Street Zen cut Dominari from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Dominari

A number of large investors have recently added to or reduced their stakes in the business. Connective Capital Management LLC lifted its stake 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 grew its stake in shares of Dominari by 59.1% during the first quarter. Renaissance Technologies LLC now owns 132,362 shares of the company’s stock valued at $430,000 after buying an additional 49,162 shares during the last quarter. PFG Investments LLC grew its stake in shares of Dominari by 36.3% during the first quarter. PFG Investments LLC now owns 14,475 shares of the company’s stock valued at $47,000 after buying an additional 3,855 shares during the last quarter. Finally, Creek Drive Management Group LLC purchased a new position in shares of Dominari in the fourth quarter worth about $1,861,000. 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.