David M. Guernsey Sells 6,660 Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David M. Guernsey sold 6,660 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.01, for a total transaction of $66,666.60. Following the sale, the director now directly owns 49,867 shares of the company’s stock, valued at approximately $499,168.67. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Comstock Holding Companies Trading Up 3.1%

NASDAQ CHCI traded up $0.31 on Monday, hitting $10.38. 25,199 shares of the company traded hands, compared to its average volume of 23,459. The business’s 50 day moving average price is $9.84 and its 200-day moving average price is $8.69. Comstock Holding Companies, Inc. has a 52-week low of $5.91 and a 52-week high of $14.48. The company has a market capitalization of $104.28 million, a price-to-earnings ratio of 17.59 and a beta of 0.06.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings data on Monday, May 12th. The construction company reported $0.15 EPS for the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%. The business had revenue of $12.64 million during the quarter.

Hedge Funds Weigh In On Comstock Holding Companies

Several institutional investors have recently added to or reduced their stakes in CHCI. Geode Capital Management LLC raised its holdings in shares of Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after acquiring an additional 4,433 shares in the last quarter. Renaissance Technologies LLC raised its stake in Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after purchasing an additional 2,100 shares in the last quarter. Barclays PLC bought a new position in Comstock Holding Companies during the fourth quarter valued at $40,000. Finally, Dimensional Fund Advisors LP increased its position in Comstock Holding Companies by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after purchasing an additional 1,888 shares during the period. Hedge funds and other institutional investors own 6.45% of the company’s stock.

Wall Street Analyst Weigh In

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

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.