Alpine Global Management LLC Makes New Investment in Douglas Elliman Inc. (NYSE:DOUG)

Alpine Global Management LLC purchased a new stake in Douglas Elliman Inc. (NYSE:DOUG) during the fourth quarter, Holdings Channel reports. The firm purchased 16,481 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Douglas Elliman by 3,808,900.0% in the third 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. Diversified Investment Strategies LLC boosted its position in Douglas Elliman by 59.5% in the 4th quarter. Diversified Investment Strategies LLC now owns 824,765 shares of the company’s stock worth $1,377,000 after purchasing an additional 307,657 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Douglas Elliman during the fourth quarter valued at $25,000. US Bancorp DE grew its position in shares of Douglas Elliman by 36,851.9% during the 4th quarter. US Bancorp DE now owns 19,954 shares of the company’s stock valued at $33,000 after acquiring an additional 19,900 shares during the period. Finally, Atria Investments Inc grew its holdings in Douglas Elliman by 39.6% in the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock valued at $48,000 after purchasing an additional 8,095 shares during the period. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Douglas Elliman Stock Performance

NYSE:DOUG opened at $1.58 on Wednesday. Douglas Elliman Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. The company has a fifty day moving average of $1.77 and a two-hundred day moving average of $1.84. The stock has a market capitalization of $139.76 million, a PE ratio of -1.53 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 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.11. The firm had revenue of $243.32 million during the quarter. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%.

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.