Insider Selling: Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Sells $40,300.00 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 4,030 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $10.00, for a total transaction of $40,300.00. Following the sale, the chief operating officer now directly owns 101,510 shares in the company, valued at approximately $1,015,100. This represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, June 5th, Timothy Steffan sold 4,425 shares of Comstock Holding Companies stock. The shares were sold at an average price of $10.00, for a total transaction of $44,250.00.
• 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 transaction 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 transaction of $2,000.00.

Comstock Holding Companies Stock Up 0.1%

NASDAQ CHCI opened at $10.39 on Thursday. Comstock Holding Companies, Inc. has a 12-month low of $6.01 and a 12-month high of $14.48. The company has a market capitalization of $104.38 million, a PE ratio of 17.61 and a beta of 0.06. The firm’s 50 day moving average is $9.92 and its 200-day moving average is $8.72.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share 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 for the quarter.

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 research report on Friday, June 6th.

Hedge Funds Weigh In On Comstock Holding Companies

Several institutional investors and hedge funds have recently modified their holdings of CHCI. Barclays PLC bought a new position in shares of Comstock Holding Companies in the fourth quarter worth about $40,000. Dimensional Fund Advisors LP lifted its holdings in shares of Comstock Holding Companies by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock worth $272,000 after acquiring an additional 1,888 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Comstock Holding Companies by 2.6% in the fourth 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 during 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.