Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Sells $44,250.00 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 4,425 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.00, for a total value of $44,250.00. Following the transaction, the chief operating officer now directly owns 105,540 shares in the company, valued at approximately $1,055,400. This trade represents a 4.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Comstock Holding Companies Trading Up 2.4%

Shares of CHCI stock opened at $10.07 on Friday. The stock has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $8.69. Comstock Holding Companies, Inc. has a 1 year low of $5.91 and a 1 year high of $14.48. The stock has a market cap of $101.16 million, a P/E ratio of 17.07 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. The company had revenue of $12.64 million during the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC acquired a new position in shares of Comstock Holding Companies during the fourth quarter worth $40,000. Dimensional Fund Advisors LP increased its holdings 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 worth $272,000 after buying an additional 1,888 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after buying an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Comstock Holding Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after buying an additional 4,433 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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.