New Home Company Inc (NYSE:NWHM) Shares Sold by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. trimmed its position in shares of New Home Company Inc (NYSE:NWHM) by 25.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 392,296 shares of the construction company’s stock after selling 137,333 shares during the period. Kennedy Capital Management Inc.’s holdings in New Home were worth $1,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NWHM. Northern Trust Corp grew its holdings in shares of New Home by 1.2% during the 4th quarter. Northern Trust Corp now owns 150,239 shares of the construction company’s stock valued at $786,000 after acquiring an additional 1,832 shares in the last quarter. Citigroup Inc. grew its holdings in shares of New Home by 92.2% during the 1st quarter. Citigroup Inc. now owns 6,683 shares of the construction company’s stock valued at $32,000 after acquiring an additional 3,206 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of New Home by 37.0% during the 4th quarter. Rhumbline Advisers now owns 16,749 shares of the construction company’s stock valued at $88,000 after acquiring an additional 4,520 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of New Home by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 119,932 shares of the construction company’s stock valued at $627,000 after acquiring an additional 5,598 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of New Home by 86.2% during the 4th quarter. Bank of America Corp DE now owns 17,912 shares of the construction company’s stock valued at $93,000 after acquiring an additional 8,294 shares in the last quarter. Hedge funds and other institutional investors own 57.22% of the company’s stock.

NWHM stock opened at $4.31 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. New Home Company Inc has a 1 year low of $3.62 and a 1 year high of $10.50. The firm has a market capitalization of $86.41 million, a P/E ratio of 11.65 and a beta of 1.81.

New Home (NYSE:NWHM) last released its quarterly earnings data on Friday, May 3rd. The construction company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.04. New Home had a negative net margin of 2.35% and a positive return on equity of 2.95%. The business had revenue of $118.85 million during the quarter.

In other New Home news, insider H Lawrence Webb acquired 12,960 shares of New Home stock in a transaction that occurred on Thursday, June 6th. The stock was acquired at an average price of $3.84 per share, with a total value of $49,766.40. Following the purchase, the insider now owns 838,915 shares in the company, valued at $3,221,433.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul C. Heeschen acquired 10,000 shares of New Home stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $4.10 per share, with a total value of $41,000.00. Following the purchase, the director now owns 55,783 shares in the company, valued at approximately $228,710.30. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 40,460 shares of company stock valued at $163,556. 23.20% of the stock is owned by company insiders.

NWHM has been the topic of several research analyst reports. ValuEngine upgraded shares of New Home from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 6th. TheStreet cut shares of New Home from a “c” rating to a “d” rating in a report on Wednesday, April 3rd.

COPYRIGHT VIOLATION WARNING: “New Home Company Inc (NYSE:NWHM) Shares Sold by Kennedy Capital Management Inc.” was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.themarketsdaily.com/2019/06/16/new-home-company-inc-nysenwhm-shares-sold-by-kennedy-capital-management-inc.html.

New Home Profile

The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

Further Reading: Technical Indicators – What is a Golden Cross?

Want to see what other hedge funds are holding NWHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Home Company Inc (NYSE:NWHM).

Institutional Ownership by Quarter for New Home (NYSE:NWHM)

Receive News & Ratings for New Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Home and related companies with MarketBeat.com's FREE daily email newsletter.