Stock Traders Buy Large Volume of Call Options on Doma (NYSE:DOMA)

Doma Holdings Inc. (NYSE:DOMA) saw unusually large options trading activity on Wednesday. Traders bought 2,535 call options on the company. This is an increase of approximately 1,660% compared to the average volume of 144 call options.

Institutional Investors Weigh In On Doma

An institutional investor recently raised its position in Doma stock. Renaissance Technologies LLC grew its position in shares of Doma Holdings Inc. (NYSE:DOMA) by 21.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,407 shares of the company’s stock after purchasing an additional 9,600 shares during the period. Renaissance Technologies LLC owned approximately 0.39% of Doma worth $330,000 at the end of the most recent quarter. 20.67% of the stock is owned by institutional investors and hedge funds.

Doma Price Performance

Shares of DOMA stock opened at $6.28 on Thursday. The company’s fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $5.93. Doma has a 1 year low of $3.90 and a 1 year high of $6.29. The stock has a market capitalization of $88.00 million, a price-to-earnings ratio of -0.82 and a beta of 1.58.

Doma (NYSE:DOMA) last issued its earnings results on Tuesday, August 13th. The company reported ($1.29) earnings per share (EPS) for the quarter. Doma had a negative net margin of 28.68% and a negative return on equity of 2,120.08%. The business had revenue of $77.65 million for the quarter.

About Doma

Doma Holdings Inc issues residential and commercial title insurance for purchase and refinance transactions in the United States. It operates through two segments, Underwriting; and Corporate and Other. The company offers title insurance underwriting, including policies referred to through its third-party agents' channel; and other insurance services for the residential real estate market.