Comstock Holding Companies, Inc. (NASDAQ:CHCI) CFO Sells $64,718.94 in Stock

Key Points

• Comstock Holding Companies' CFO, Christopher Michael Guthrie, sold 4,367 shares of the company's stock for a total of $64,718.94, reducing his ownership by 3.52%.
• The company's stock traded down to $14.95 following a recent downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen.
• Comstock reported earnings of $0.14 per share for the last quarter, with a net margin of 28.35% and revenue of $12.97 million.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) CFO Christopher Michael Guthrie sold 4,367 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $14.82, for a total transaction of $64,718.94. Following the transaction, the chief financial officer directly owned 119,545 shares in the company, valued at $1,771,656.90. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Christopher Michael Guthrie also recently made the following trade(s):

• On Wednesday, August 13th, Christopher Michael Guthrie sold 1,633 shares of Comstock Holding Companies stock. The shares were sold at an average price of $15.07, for a total transaction of $24,609.31.

Comstock Holding Companies Price Performance

CHCI traded down $0.15 on Thursday, reaching $14.95. 17,625 shares of the company traded hands, compared to its average volume of 23,842. The company has a market cap of $150.25 million, a price-to-earnings ratio of 9.90 and a beta of 0.07. The stock's 50 day moving average price is $11.52 and its 200-day moving average price is $9.77. Comstock Holding Companies, Inc. has a 52-week low of $6.31 and a 52-week high of $15.25.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its earnings results on Thursday, August 7th. The construction company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $12.97 million during the quarter. Comstock Holding Companies had a net margin of 28.35% and a return on equity of 30.98%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th.

Institutional Trading of Comstock Holding Companies

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in Comstock Holding Companies in the fourth quarter valued at approximately $40,000. Dimensional Fund Advisors LP lifted its stake in 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 valued at $272,000 after acquiring an additional 1,888 shares during the last quarter. Corsair Capital Management L.P. lifted its stake in Comstock Holding Companies by 6.4% in the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company's stock valued at $516,000 after acquiring an additional 3,085 shares during the last quarter. Truffle Hound Capital LLC acquired a new stake in Comstock Holding Companies in the second quarter valued at approximately $1,146,000. Finally, Renaissance Technologies LLC lifted its stake in Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock valued at $1,224,000 after acquiring an additional 2,100 shares during the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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.

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