Exp World Holdings, Inc. (AGNT) To Go Ex-Dividend on August 14th

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

Shares of AGNT traded down $0.02 on Wednesday, hitting $4.25. 124,490 shares of the stock traded hands, compared to its average volume of 1,213,743. Exp World has a one year low of $3.68 and a one year high of $12.23. The company has a market capitalization of $698.38 million, a PE ratio of -38.64 and a beta of 2.09. The business has a 50 day simple moving average of $4.62 and a 200 day simple moving average of $5.89.

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

Institutional Trading of Exp World

Several large investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI bought a new stake in shares of Exp World in the second quarter worth $279,000. Commonwealth Financial Services LLC bought a new position in Exp World in the first quarter valued at about $111,000. SEB Asset Management AB purchased a new position in Exp World in the first quarter worth about $587,000. Illinois Municipal Retirement Fund boosted its position in Exp World by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after purchasing an additional 1,872 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Exp World by 2,697.1% during the 1st quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock valued at $129,000 after purchasing an additional 20,687 shares during the period. Institutional investors own 27.17% of the company’s stock.

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.