Azora Capital LP Takes $1.42 Million Position in Douglas Elliman Inc. $DOUG

Azora Capital LP purchased a new stake in Douglas Elliman Inc. (NYSE:DOUG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 611,215 shares of the company’s stock, valued at approximately $1,418,000. Azora Capital LP owned 0.69% of Douglas Elliman as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in Douglas Elliman during the second quarter valued at about $29,000. ProShare Advisors LLC purchased a new stake in shares of Douglas Elliman in the 2nd quarter valued at approximately $35,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Douglas Elliman in the 2nd quarter worth approximately $39,000. Citizens Financial Group Inc. RI purchased a new position in Douglas Elliman during the 2nd quarter worth approximately $81,000. Finally, Intech Investment Management LLC acquired a new stake in Douglas Elliman during the 2nd quarter valued at $84,000. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Stock Up 3.6%

DOUG opened at $2.74 on Wednesday. The company has a market capitalization of $242.92 million, a PE ratio of -3.91 and a beta of 1.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.30 and a quick ratio of 3.30. Douglas Elliman Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $3.20. The business has a 50-day moving average of $2.59 and a 200-day moving average of $2.62.

Douglas Elliman (NYSE:DOUG) last released its quarterly earnings data on Tuesday, May 31st. The company reported $0.18 EPS for the quarter. The firm had revenue of $272.78 million for the quarter. Douglas Elliman had a negative return on equity of 3.19% and a negative net margin of 5.76%.

Analyst Upgrades and Downgrades

DOUG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Douglas Elliman in a research report on Wednesday, October 8th. Wall Street Zen upgraded Douglas Elliman from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.