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

Exp World Holdings, Inc. (NASDAQ:AGNT) declared a quarterly dividend on Thursday, April 23rd, NASDAQ Dividends reports. Shareholders of record on Friday, May 22nd will be given a dividend of 0.05 per share by the technology company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 22nd.

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 $0.16 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 125.0%.

Exp World Stock Performance

Exp World stock opened at $4.72 on Wednesday. The stock has a market capitalization of $775.59 million, a P/E ratio of -47.20 and a beta of 2.20. The stock has a 50-day simple moving average of $6.03 and a 200 day simple moving average of $8.21. Exp World has a 52 week low of $4.59 and a 52 week high of $12.23.

Exp World (NASDAQ:AGNT) last announced its earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $971.32 million. Research analysts forecast that Exp World will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AGNT. Vanguard Group Inc. grew its stake in Exp World by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock valued at $127,725,000 after purchasing an additional 690,694 shares during the period. State Street Corp grew its stake in shares of Exp World by 4.6% during the 4th quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock worth $29,856,000 after acquiring an additional 145,657 shares during the period. Bank of America Corp DE grew its stake in shares of Exp World by 73.3% during the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after acquiring an additional 1,391,582 shares during the period. Renaissance Technologies LLC grew its stake in shares of Exp World by 4.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after acquiring an additional 116,900 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Exp World by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock worth $21,891,000 after acquiring an additional 38,134 shares during the period. 27.17% of the stock is owned by institutional investors.

About Exp World

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.