Connor Clark & Lunn Investment Management Ltd. Raises Stake in Douglas Elliman Inc. (NYSE:DOUG)

Connor Clark & Lunn Investment Management Ltd. raised its stake in Douglas Elliman Inc. (NYSE:DOUG) by 32.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 589,274 shares of the company’s stock after buying an additional 144,847 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Douglas Elliman were worth $1,078,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DOUG. Clearline Capital LP grew its holdings in shares of Douglas Elliman by 328.0% during the 2nd quarter. Clearline Capital LP now owns 4,346,104 shares of the company’s stock worth $5,041,000 after purchasing an additional 3,330,701 shares during the period. Vanguard Group Inc. boosted its holdings in Douglas Elliman by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 3,789,014 shares of the company’s stock valued at $5,987,000 after acquiring an additional 209,393 shares during the period. GSA Capital Partners LLP raised its position in Douglas Elliman by 3.1% in the 3rd quarter. GSA Capital Partners LLP now owns 771,159 shares of the company’s stock valued at $1,411,000 after purchasing an additional 22,868 shares in the last quarter. XTX Topco Ltd raised its position in Douglas Elliman by 125.1% in the 2nd quarter. XTX Topco Ltd now owns 354,121 shares of the company’s stock valued at $411,000 after purchasing an additional 196,801 shares in the last quarter. Finally, Clifford Capital Partners LLC raised its position in Douglas Elliman by 19.8% in the 2nd quarter. Clifford Capital Partners LLC now owns 349,651 shares of the company’s stock valued at $406,000 after purchasing an additional 57,770 shares in the last quarter. 59.56% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Elliman Price Performance

DOUG stock opened at $2.38 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.62 and a quick ratio of 4.62. Douglas Elliman Inc. has a 1 year low of $1.00 and a 1 year high of $3.16. The firm has a market capitalization of $211.78 million, a P/E ratio of -2.31 and a beta of 1.34. The business’s 50-day moving average is $1.90 and its two-hundred day moving average is $1.63.

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.