Portolan Capital Management LLC Acquires New Stake in Douglas Elliman Inc. (NYSE:DOUG)

Portolan Capital Management LLC bought a new stake in Douglas Elliman Inc. (NYSE:DOUG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,910,906 shares of the company’s stock, valued at approximately $5,327,000. Portolan Capital Management LLC owned 3.26% of Douglas Elliman as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DOUG. Clearline Capital LP boosted its holdings in shares of Douglas Elliman by 328.0% in the second quarter. Clearline Capital LP now owns 4,346,104 shares of the company’s stock worth $5,041,000 after buying an additional 3,330,701 shares during the last quarter. Whetstone Capital Advisors LLC raised its position in 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 acquiring an additional 258,012 shares during the period. Vanguard Group Inc. boosted its stake in shares of Douglas Elliman by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 3,789,014 shares of the company’s stock worth $5,987,000 after acquiring an additional 209,393 shares during the last quarter. XTX Topco Ltd grew its position in shares of Douglas Elliman by 125.1% during the 2nd quarter. XTX Topco Ltd now owns 354,121 shares of the company’s stock valued at $411,000 after acquiring an additional 196,801 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Douglas Elliman by 32.6% in the 3rd 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 in the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.

Douglas Elliman Price Performance

Shares of Douglas Elliman stock opened at $2.45 on Wednesday. The stock’s fifty day moving average is $1.94 and its 200 day moving average is $1.66. Douglas Elliman Inc. has a one year low of $1.00 and a one year high of $3.16. 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 stock has a market cap of $218.47 million, a P/E ratio of -2.38 and a beta of 1.47.

Douglas Elliman Company 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.