Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Sells $13,450.00 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 1,345 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $10.00, for a total transaction of $13,450.00. Following the completion of the sale, the chief operating officer now directly owns 109,965 shares in the company, valued at $1,099,650. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $10.00, for a total transaction of $44,250.00.
• 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 transaction of $2,000.00.

Comstock Holding Companies Stock Up 2.4%

NASDAQ:CHCI opened at $10.07 on Friday. The firm has a market cap of $101.16 million, a PE ratio of 17.07 and a beta of 0.06. The company’s 50-day moving average price is $9.84 and its two-hundred day moving average price is $8.69. Comstock Holding Companies, Inc. has a 12 month low of $5.91 and a 12 month high of $14.48.

Comstock Holding Companies (NASDAQ:CHCI) last released 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 return on equity of 15.65% and a net margin of 13.44%. The business had revenue of $12.64 million during the quarter.

Analyst Upgrades and Downgrades

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

Institutional Trading of Comstock Holding Companies

Several hedge funds have recently modified their holdings of the stock. Barclays PLC acquired a new position in Comstock Holding Companies during the 4th quarter worth $40,000. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 1,888 shares during the period. Renaissance Technologies LLC boosted its holdings in Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after purchasing an additional 4,433 shares during the period. 6.45% of the stock is owned by institutional investors.

About Comstock Holding Companies

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.