Wolverine Trading LLC Takes $56,000 Position in The Real Brokerage Inc. (NASDAQ:REAX)

Wolverine Trading LLC purchased a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,159 shares of the company’s stock, valued at approximately $56,000.

A number of other large investors also recently modified their holdings of REAX. Bank of New York Mellon Corp acquired a new position in shares of Real Brokerage during the second quarter valued at $1,091,000. Principal Financial Group Inc. acquired a new position in shares of Real Brokerage during the second quarter valued at $52,000. Valmark Advisers Inc. increased its holdings in shares of Real Brokerage by 117.0% during the second quarter. Valmark Advisers Inc. now owns 49,324 shares of the company’s stock valued at $200,000 after purchasing an additional 26,596 shares during the period. Rhumbline Advisers acquired a new position in shares of Real Brokerage during the second quarter valued at $474,000. Finally, National Bank of Canada FI increased its holdings in shares of Real Brokerage by 198.8% during the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock valued at $26,000 after purchasing an additional 3,975 shares during the period. 53.28% of the stock is owned by institutional investors and hedge funds.

Real Brokerage Stock Performance

Shares of REAX opened at $4.98 on Wednesday. The firm has a market capitalization of $984.80 million, a price-to-earnings ratio of -27.67 and a beta of 0.95. The Real Brokerage Inc. has a one year low of $1.46 and a one year high of $6.75. The stock’s fifty day moving average is $5.31 and its 200-day moving average is $5.32.

Real Brokerage (NASDAQ:REAX) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The business had revenue of $372.49 million during the quarter, compared to analysts’ expectations of $334.61 million. During the same quarter last year, the business posted ($0.02) earnings per share. Analysts forecast that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.