Stock Traders Buy High Volume of Call Options on Douglas Elliman (NYSE:DOUG)

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of unusually large options trading on Friday. Investors purchased 3,071 call options on the stock. This represents an increase of 3,739% compared to the average volume of 80 call options.

Douglas Elliman Price Performance

Shares of DOUG opened at $1.73 on Friday. The business’s 50-day moving average price is $1.19 and its 200 day moving average price is $1.55. Douglas Elliman has a 1-year low of $1.00 and a 1-year high of $3.16.

Douglas Elliman (NYSE:DOUG) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.26). Douglas Elliman had a negative return on equity of 20.62% and a negative net margin of 7.05%. The business had revenue of $200.24 million for the quarter. During the same period in the previous year, the firm earned ($0.18) EPS. On average, equities research analysts anticipate that Douglas Elliman will post -0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Richard Lampen acquired 30,000 shares of Douglas Elliman stock in a transaction that occurred on Tuesday, July 9th. The shares were purchased at an average cost of $1.16 per share, for a total transaction of $34,800.00. Following the completion of the purchase, the chief operating officer now directly owns 2,197,804 shares of the company’s stock, valued at approximately $2,549,452.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Douglas Elliman news, COO Richard Lampen purchased 30,000 shares of the stock in a transaction dated Tuesday, July 9th. The shares were bought at an average cost of $1.16 per share, with a total value of $34,800.00. Following the completion of the acquisition, the chief operating officer now owns 2,197,804 shares of the company’s stock, valued at $2,549,452.64. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Zeitchick purchased 58,313 shares of the stock in a transaction dated Monday, July 8th. The shares were acquired at an average cost of $1.10 per share, for a total transaction of $64,144.30. Following the completion of the acquisition, the director now directly owns 202,873 shares of the company’s stock, valued at approximately $223,160.30. The disclosure for this purchase can be found here. Insiders have bought 428,644 shares of company stock worth $486,786 over the last ninety days. 10.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Douglas Elliman

Several institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its stake in shares of Douglas Elliman by 21.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 149,320 shares of the company’s stock valued at $440,000 after acquiring an additional 26,660 shares in the last quarter. Venture Visionary Partners LLC bought a new position in shares of Douglas Elliman in the 4th quarter valued at approximately $50,000. Russell Investments Group Ltd. raised its stake in shares of Douglas Elliman by 670.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,108,053 shares of the company’s stock valued at $3,269,000 after acquiring an additional 964,280 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Douglas Elliman in the 1st quarter valued at approximately $48,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Douglas Elliman by 111.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 116,584 shares of the company’s stock valued at $263,000 after acquiring an additional 61,330 shares in the last quarter. 59.56% of the stock is currently owned by institutional investors and hedge funds.

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.