Exp World Holdings, Inc. (NASDAQ:AGNT) Declares $0.05 Quarterly Dividend

Exp World Holdings, Inc. (NASDAQ:AGNT) announced a quarterly dividend on Tuesday, July 28th, NASDAQ Dividends reports. Shareholders of record on Friday, August 14th will be paid a dividend of 0.05 per share by the technology company on Friday, August 28th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, August 14th.

Exp World has a payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Exp World to earn $0.10 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 200.0%.

Exp World Trading Up 0.5%

Shares of NASDAQ AGNT traded up $0.02 during trading on Wednesday, reaching $4.29. 65,913 shares of the company traded hands, compared to its average volume of 1,213,544. The stock has a market cap of $704.95 million, a P/E ratio of -39.00 and a beta of 2.09. The firm’s fifty day simple moving average is $4.62 and its 200 day simple moving average is $5.89. Exp World has a 12-month low of $3.68 and a 12-month high of $12.23.

Exp World (NASDAQ:AGNT) last issued its earnings results on Friday, August 7th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The firm’s revenue was up 10.7% on a year-over-year basis. As a group, research analysts expect that Exp World will post -0.07 EPS for the current year.

Institutional Trading of Exp World

Several institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in shares of Exp World during the 4th quarter valued at approximately $25,000. PNC Financial Services Group Inc. increased its holdings in Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Exp World during the fourth quarter worth $37,000. Geneos Wealth Management Inc. raised its position in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,856 shares during the period. Finally, CWM LLC lifted its holdings in Exp World by 632.6% during the fourth quarter. CWM LLC now owns 9,070 shares of the technology company’s stock valued at $82,000 after purchasing an additional 7,832 shares in the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.