Baring Financial LLC Invests $5.22 Million in eXp World Holdings, Inc. (NASDAQ:EXPI)

Baring Financial LLC bought a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 453,667 shares of the technology company's stock, valued at approximately $5,222,000. eXp World accounts for 4.7% of Baring Financial LLC's investment portfolio, making the stock its 3rd biggest position. Baring Financial LLC owned 0.30% of eXp World as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in eXp World by 29.7% in the second quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company's stock valued at $2,709,000 after buying an additional 55,031 shares during the last quarter. Sei Investments Co. boosted its position in shares of eXp World by 6.6% during the 2nd quarter. Sei Investments Co. now owns 105,433 shares of the technology company's stock worth $1,190,000 after purchasing an additional 6,556 shares during the period. Millennium Management LLC increased its holdings in eXp World by 91.7% in the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company's stock valued at $15,544,000 after purchasing an additional 659,012 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in eXp World by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 43,813 shares of the technology company's stock worth $494,000 after purchasing an additional 5,567 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of eXp World by 275.9% during the second quarter. Algert Global LLC now owns 119,576 shares of the technology company's stock worth $1,349,000 after buying an additional 87,766 shares during the period. Institutional investors and hedge funds own 27.17% of the company's stock.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.11, for a total value of $705,500.00. Following the transaction, the chief executive officer now owns 40,539,780 shares of the company's stock, valued at $572,016,295.80. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James Bramble sold 25,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total value of $351,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 530,736 shares of company stock valued at $6,945,940. 35.70% of the stock is currently owned by company insiders.

eXp World Price Performance

Shares of EXPI stock traded up $0.14 on Thursday, hitting $11.50. The stock had a trading volume of 658,898 shares, compared to its average volume of 952,580. The company's 50 day moving average price is $12.22 and its 200-day moving average price is $12.87. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $15.39. The firm has a market capitalization of $1.77 billion, a P/E ratio of -52.27 and a beta of 2.30.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.05 per share. The ex-dividend date was Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.74%. eXp World's dividend payout ratio is presently -90.91%.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.