Verition Fund Management LLC Buys 9,613 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Verition Fund Management LLC lifted its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,941 shares of the technology company’s stock after acquiring an additional 9,613 shares during the quarter. Verition Fund Management LLC’s holdings in eXp World were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in eXp World in the 3rd quarter worth approximately $30,000. Point72 DIFC Ltd purchased a new position in shares of eXp World in the 2nd quarter worth $26,000. Meeder Asset Management Inc. bought a new stake in shares of eXp World in the second quarter worth $29,000. nVerses Capital LLC increased its position in eXp World by 102.2% during the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Financial Advocates Investment Management bought a new position in shares of eXp World in the 2nd quarter worth approximately $117,000. 27.17% of the stock is owned by hedge funds and other institutional investors.

eXp World Price Performance

Shares of EXPI stock opened at $13.28 on Monday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -60.36 and a beta of 2.26. The firm has a fifty day moving average price of $13.49 and a 200-day moving average price of $12.69. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $17.11.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Monday, November 18th. eXp World’s dividend payout ratio (DPR) is currently -90.91%.

Insider Activity

In other eXp World news, insider James Bramble sold 25,000 shares of eXp World stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total transaction of $351,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Glenn Darrel Sanford sold 59,935 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.41, for a total transaction of $743,793.35. Following the completion of the sale, the chief executive officer now directly owns 40,882,685 shares of the company’s stock, valued at approximately $507,354,120.85. This trade represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 685,292 shares of company stock valued at $9,399,887 in the last ninety days. Corporate insiders own 35.70% of the company’s stock.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.