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Potential Douglas Elliman Inc. (NYSE:DOUG) shareholders may wish to note that the Independent Director, Patrick Bartels, recently bought US$254k worth of stock, paying US$1.88 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 229%.
The Last 12 Months Of Insider Transactions At Douglas Elliman
The CEO, President & Director Michael Liebowitz made the biggest insider purchase in the last 12 months. That single transaction was for US$1.8m worth of shares at a price of US$1.68 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$2.04. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 1.90m shares for US$2.9m. On the other hand they divested 1.08m shares, for US$1.8m. In total, Douglas Elliman insiders bought more than they sold over the last year. They paid about US$1.50 on average. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Douglas Elliman
Douglas Elliman is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Douglas Elliman Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Douglas Elliman insiders own about US$33m worth of shares. That equates to 20% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Douglas Elliman Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Douglas Elliman shares, given these transactions (along with notable insider ownership of the company). While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Douglas Elliman has 1 warning sign we think you should be aware of.