Comstock Holding Companies (NASDAQ:CHCI) Stock: Insider David Hirsh Acquires 1,400 Shares

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David Hirsh bought 1,400 shares of the business’s stock in a transaction on Monday, November 9th. The stock was purchased at an average price of $17.08 per share, for a total transaction of $23,912.00. Following the completion of the acquisition, the director owned 2,000 shares of the company’s stock, valued at approximately $34,160. This trade represents a 233.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Comstock Holding Companies Price Performance

Shares of NASDAQ CHCI traded up $0.14 during midday trading on Friday, reaching $16.15. 24,417 shares of the stock were exchanged, compared to its average volume of 31,031. The business has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $16.27. The company has a market capitalization of $166.02 million, a price-to-earnings ratio of 6.81 and a beta of -0.42. Comstock Holding Companies, Inc. has a 12 month low of $10.14 and a 12 month high of $22.07.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings data on Thursday, November 5th. The construction company reported $0.06 EPS for the quarter. The business had revenue of $17.86 million during the quarter. Comstock Holding Companies had a net margin of 30.43% and a return on equity of 32.62%.

Institutional Trading of Comstock Holding Companies

Several hedge funds and other institutional investors have recently modified their holdings of CHCI. Pekin Hardy Strauss Inc. acquired a new position in shares of Comstock Holding Companies during the third quarter worth about $568,000. Marshall Wace LLP bought a new position in shares of Comstock Holding Companies during the third quarter worth about $648,000. Integrated Wealth Concepts LLC bought a new position in shares of Comstock Holding Companies during the second quarter worth about $45,000. Navellier & Associates Inc. raised its position in Comstock Holding Companies by 159.2% in the 2nd quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock valued at $601,000 after buying an additional 23,072 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Comstock Holding Companies by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 50,922 shares of the construction company’s stock valued at $964,000 after buying an additional 3,704 shares during the last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Weiss Ratings downgraded Comstock Holding Companies from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 9th. Wall Street Zen cut Comstock Holding Companies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 7th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, Comstock Holding Companies presently has an average rating of “Buy”.

About Comstock Holding Companies

Comstock Holding Companies, Inc. is a real estate development and services company focused on the Washington, D.C., metropolitan area. Its activities include developing and managing commercial, residential and mixed-use properties, with an emphasis on transit-oriented communities. The company provides services across the real estate lifecycle, including development, construction management, leasing and property management. Its projects include mixed-use developments in Northern Virginia, such as Reston Station and Loudoun Station.