Truffle Hound Capital LLC Invests $1.15 Million in Comstock Holding Companies, Inc. $CHCI

Truffle Hound Capital LLC bought a new stake in Comstock Holding Companies, Inc. (NASDAQ:CHCI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 113,554 shares of the construction company’s stock, valued at approximately $1,146,000.

Separately, Geode Capital Management LLC raised its position in Comstock Holding Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock valued at $1,625,000 after purchasing an additional 1,952 shares during the last quarter. 6.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHCI shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Comstock Holding Companies in a report on Wednesday, October 8th. Wall Street Zen cut shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Comstock Holding Companies presently has an average rating of “Buy”.

Comstock Holding Companies Trading Down 16.4%

Shares of NASDAQ:CHCI opened at $12.97 on Tuesday. Comstock Holding Companies, Inc. has a 1-year low of $6.31 and a 1-year high of $18.99. The stock has a market capitalization of $130.62 million, a P/E ratio of 8.59 and a beta of 0.12. The business has a 50-day moving average price of $15.00 and a two-hundred day moving average price of $13.09.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Thursday, November 13th. The construction company reported $0.05 EPS for the quarter. The company had revenue of $13.65 million during the quarter. Comstock Holding Companies had a net margin of 28.35% and a return on equity of 30.98%.

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.