Maryland State Retirement & Pension System Sells 3,916 Shares of Exp World Holdings, Inc. $EXPI

Maryland State Retirement & Pension System decreased its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 13.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,637 shares of the technology company’s stock after selling 3,916 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Exp World were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EXPI. Rossby Financial LCC bought a new position in shares of Exp World during the first quarter valued at approximately $51,000. US Bancorp DE boosted its holdings in shares of Exp World by 1,608.8% in the first quarter. US Bancorp DE now owns 11,244 shares of the technology company’s stock valued at $110,000 after purchasing an additional 10,586 shares during the period. Precision Wealth Strategies LLC boosted its holdings in shares of Exp World by 26.3% in the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company’s stock valued at $135,000 after purchasing an additional 2,867 shares during the period. Corton Capital Inc. purchased a new stake in shares of Exp World in the fourth quarter valued at approximately $139,000. Finally, Stonebridge Capital Advisors LLC purchased a new stake in shares of Exp World in the fourth quarter valued at approximately $170,000. Institutional investors own 27.17% of the company’s stock.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director directly owned 537,190 shares of the company’s stock, valued at $4,915,288.50. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 20,000 shares of company stock valued at $192,695. Company insiders own 27.96% of the company’s stock.

Exp World Stock Down 1.2%

Exp World stock opened at $10.31 on Tuesday. The business has a fifty day moving average of $9.90 and a two-hundred day moving average of $9.56. The firm has a market cap of $1.62 billion, a P/E ratio of -51.55 and a beta of 2.52. Exp World Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $15.39.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. Equities analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Exp World’s dividend payout ratio (DPR) is currently -100.00%.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 target price on Exp World and gave the stock a “buy” rating in a report on Friday, July 11th.

Exp World Profile

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.