Truffle Hound Capital LLC Acquires Shares of 2,000,000 Douglas Elliman Inc. (NYSE:DOUG)

Truffle Hound Capital LLC acquired a new stake in shares of Douglas Elliman Inc. (NYSE:DOUG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000,000 shares of the company’s stock, valued at approximately $3,340,000. Douglas Elliman comprises 1.2% of Truffle Hound Capital LLC’s holdings, making the stock its 24th biggest holding. Truffle Hound Capital LLC owned about 2.24% of Douglas Elliman at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DOUG. Atria Investments Inc raised its stake in Douglas Elliman by 62.5% during the third quarter. Atria Investments Inc now owns 20,434 shares of the company’s stock valued at $37,000 after buying an additional 7,862 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Douglas Elliman by 32.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 589,274 shares of the company’s stock worth $1,078,000 after purchasing an additional 144,847 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of Douglas Elliman in the third quarter worth $73,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Douglas Elliman in the third quarter worth $121,000. Finally, Whetstone Capital Advisors LLC raised its stake in shares of Douglas Elliman by 21.0% in the third quarter. Whetstone Capital Advisors LLC now owns 1,484,347 shares of the company’s stock worth $2,716,000 after purchasing an additional 258,012 shares during the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Douglas Elliman Stock Down 3.6 %

DOUG stock opened at $1.77 on Friday. Douglas Elliman Inc. has a 1-year low of $1.00 and a 1-year high of $2.98. The business has a fifty day moving average price of $1.84 and a 200-day moving average price of $1.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.62 and a quick ratio of 4.62. The stock has a market capitalization of $156.62 million, a P/E ratio of -1.71 and a beta of 1.56.

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