Investors Purchase Large Volume of Call Options on Doma (NYSE:DOMA)

Doma Holdings Inc. (NYSE:DOMA) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 2,535 call options on the stock. This represents an increase of approximately 1,660% compared to the average volume of 144 call options.

Doma Price Performance

NYSE:DOMA opened at $6.12 on Friday. The company has a market cap of $85.81 million, a price-to-earnings ratio of -0.80 and a beta of 1.58. Doma has a 1 year low of $3.86 and a 1 year high of $6.45. The stock’s 50 day simple moving average is $6.04 and its two-hundred day simple moving average is $5.71.

Doma (NYSE:DOMA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($1.29) earnings per share for the quarter. Doma had a negative return on equity of 2,120.08% and a negative net margin of 28.68%. The business had revenue of $77.65 million during the quarter.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Doma in a research report on Thursday, May 23rd.

Institutional Trading of Doma

A hedge fund recently raised its stake in Doma stock. Renaissance Technologies LLC boosted its stake in shares of Doma Holdings Inc. (NYSE:DOMA) by 21.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,407 shares of the company’s stock after acquiring an additional 9,600 shares during the quarter. Renaissance Technologies LLC owned about 0.39% of Doma worth $330,000 as of its most recent SEC filing. 20.67% of the stock is currently owned by institutional investors and hedge funds.

Doma Company Profile

Doma Holdings Inc issues residential and commercial title insurance for purchase and refinance transactions in the United States. It operates through two segments, Underwriting; and Corporate and Other. The company offers title insurance underwriting, including policies referred to through its third-party agents' channel; and other insurance services for the residential real estate market.