Comstock Holding Companies (NASDAQ:CHCI) Director David Hirsh Purchases 1,400 Shares of Stock

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

Comstock Holding Companies Price Performance

CHCI opened at $16.01 on Friday. The company has a fifty day moving average price of $18.78 and a 200-day moving average price of $16.25. The firm has a market capitalization of $164.61 million, a P/E ratio of 6.76 and a beta of -0.42. Comstock Holding Companies, Inc. has a one year low of $10.14 and a one year high of $22.07.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. purchased a new position in shares of Comstock Holding Companies during the third quarter valued at approximately $568,000. Navellier & Associates Inc. grew its stake in shares of Comstock Holding Companies by 159.2% in the second quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock worth $601,000 after acquiring an additional 23,072 shares during the last quarter. Corsair Capital Management L.P. increased its stake in Comstock Holding Companies by 8.4% during the 1st quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company’s stock valued at $933,000 after purchasing an additional 3,800 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Comstock Holding Companies by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 50,922 shares of the construction company’s stock valued at $964,000 after acquiring an additional 3,704 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Comstock Holding Companies by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company’s stock worth $3,418,000 after purchasing an additional 3,213 shares in the last quarter. Hedge funds and other institutional investors own 6.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHCI. Wall Street Zen lowered Comstock Holding Companies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 7th. Weiss Ratings downgraded shares of Comstock Holding Companies from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Comstock Holding Companies Company Profile

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.