Insider Selling: Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Sells 4,030 Shares of Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 4,030 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.00, for a total transaction of $40,300.00. Following the sale, the chief operating officer now owns 101,510 shares in the company, valued at $1,015,100. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Timothy Steffan also recently made the following trade(s):

• On Thursday, June 5th, Timothy Steffan sold 4,425 shares of Comstock Holding Companies stock. The stock was sold at an average price of $10.00, for a total value of $44,250.00.
• On Wednesday, June 4th, Timothy Steffan sold 1,345 shares of Comstock Holding Companies stock. The shares were sold at an average price of $10.00, for a total value of $13,450.00.
• On Tuesday, June 3rd, Timothy Steffan sold 200 shares of Comstock Holding Companies stock. The stock was sold at an average price of $10.00, for a total value of $2,000.00.

Comstock Holding Companies Price Performance

Shares of CHCI stock traded up $0.31 during mid-day trading on Monday, hitting $10.38. The company had a trading volume of 25,199 shares, compared to its average volume of 23,459. The stock’s 50 day moving average price is $9.84 and its 200-day moving average price is $8.69. Comstock Holding Companies, Inc. has a 52-week low of $5.91 and a 52-week high of $14.48. The company has a market capitalization of $104.28 million, a P/E ratio of 17.59 and a beta of 0.06.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%. The company had revenue of $12.64 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen cut Comstock Holding Companies from a “strong-buy” rating to a “buy” rating in a report on Friday.

Institutional Investors Weigh In On Comstock Holding Companies

Several large investors have recently made changes to their positions in CHCI. Dimensional Fund Advisors LP boosted its stake in Comstock Holding Companies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after buying an additional 1,888 shares during the last quarter. Barclays PLC bought a new stake in Comstock Holding Companies in the 4th quarter worth approximately $40,000. Renaissance Technologies LLC raised its holdings in shares of Comstock Holding Companies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after acquiring an additional 4,433 shares in the last quarter. 6.45% of the stock is owned by institutional investors.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.