David M. Guernsey Sells 3,340 Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David M. Guernsey sold 3,340 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $10.00, for a total transaction of $33,400.00. Following the transaction, the director now directly owns 46,527 shares of the company’s stock, valued at approximately $465,270. This represents a 6.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Comstock Holding Companies Stock Performance

Shares of CHCI stock opened at $10.38 on Wednesday. The company has a market capitalization of $104.28 million, a PE ratio of 17.59 and a beta of 0.06. Comstock Holding Companies, Inc. has a 52-week low of $5.98 and a 52-week high of $14.48. The business’s fifty day moving average is $9.89 and its 200 day moving average is $8.71.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new stake in Comstock Holding Companies in the fourth quarter valued at approximately $40,000. Geode Capital Management LLC grew its stake in Comstock Holding Companies by 2.6% in the 4th 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. Renaissance Technologies LLC increased its holdings in shares of Comstock Holding Companies by 1.4% in the 4th 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 1,888 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Comstock Holding Companies from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th.

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.