Portolan Capital Management LLC Cuts Position in Douglas Elliman Inc. (NYSE:DOUG)

Portolan Capital Management LLC lowered its stake in Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 95.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,000 shares of the company's stock after selling 2,767,906 shares during the quarter. Portolan Capital Management LLC owned approximately 0.16% of Douglas Elliman worth $239,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DOUG. Golden State Wealth Management LLC purchased a new position in shares of Douglas Elliman during the fourth quarter valued at approximately $25,000. US Bancorp DE lifted its stake 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 worth $33,000 after purchasing an additional 19,900 shares during the period. Atria Investments Inc lifted its stake in shares of Douglas Elliman by 39.6% during the 4th quarter. Atria Investments Inc now owns 28,529 shares of the company's stock worth $48,000 after purchasing an additional 8,095 shares during the period. Virtu Financial LLC acquired a new stake in shares of Douglas Elliman during the fourth quarter worth $51,000. Finally, JPMorgan Chase & Co. grew its position in shares of Douglas Elliman by 79.1% in the fourth quarter. JPMorgan Chase & Co. now owns 38,560 shares of the company's stock valued at $64,000 after purchasing an additional 17,027 shares during the period. Institutional investors and hedge funds own 59.56% of the company's stock.

Douglas Elliman Trading Up 1.2 %

NYSE DOUG traded up $0.02 during trading hours on Friday, hitting $1.62. 331,464 shares of the company's stock were exchanged, compared to its average volume of 866,910. 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 firm has a market capitalization of $143.67 million, a P/E ratio of -1.57 and a beta of 1.52. The business's 50 day moving average is $1.79 and its 200-day moving average is $1.84. Douglas Elliman Inc. has a 12-month low of $1.00 and a 12-month high of $2.98.

Douglas Elliman (NYSE:DOUG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.11. Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%. The business had revenue of $243.32 million for the quarter.

Douglas Elliman 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.