Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Sells $13,565.95 in Stock

Key Points

• Timothy Steffan, COO of Comstock Holding Companies, sold 905 shares at an average price of $14.99, resulting in a transaction total of $13,565.95, and now holds 95,994 shares valued at approximately $1.44 million.
• Comstock Holding Companies reported a net margin of 28.35% and a return on equity of 30.98% with a quarterly earnings per share of $0.14.
• Institutional investors hold 6.45% of the company's stock, with notable recent activity including increases in stake by Geode Capital Management and Renaissance Technologies.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) COO Timothy Steffan sold 905 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $14.99, for a total transaction of $13,565.95. Following the transaction, the chief operating officer directly owned 95,994 shares of the company's stock, valued at approximately $1,438,950.06. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, August 12th, Timothy Steffan sold 4,611 shares of Comstock Holding Companies stock. The shares were sold at an average price of $14.79, for a total transaction of $68,196.69.
• On Friday, June 6th, Timothy Steffan sold 4,030 shares of Comstock Holding Companies stock. The stock was sold at an average price of $10.00, for a total value of $40,300.00.
• On Thursday, June 5th, Timothy Steffan sold 4,425 shares of Comstock Holding Companies stock. The stock was 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 stock was sold at an average price of $10.00, for a total transaction of $2,000.00.

Comstock Holding Companies Stock Performance

NASDAQ:CHCI traded up $0.71 during mid-day trading on Monday, reaching $15.56. 18,998 shares of the company's stock were exchanged, compared to its average volume of 23,687. Comstock Holding Companies, Inc. has a one year low of $6.31 and a one year high of $15.95. The firm has a market capitalization of $156.69 million, a PE ratio of 10.30 and a beta of 0.07. The business's fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $9.92.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its quarterly earnings data 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 for the quarter. Comstock Holding Companies had a net margin of 28.35% and a return on equity of 30.98%.

Hedge Funds Weigh In On Comstock Holding Companies

A number of institutional investors have recently added to or reduced their stakes in CHCI. Geode Capital Management LLC increased its position 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 valued at $1,395,000 after acquiring an additional 4,433 shares during the period. Renaissance Technologies LLC boosted its stake 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 valued at $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Comstock Holding Companies in the 2nd quarter valued at $1,146,000. Corsair Capital Management L.P. boosted its stake in shares of Comstock Holding Companies by 6.4% in the 2nd quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company's stock valued at $516,000 after purchasing an additional 3,085 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Comstock Holding Companies by 5.9% in 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 last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.

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