Timothy Steffan Sells 905 Shares of Comstock Holding Companies (NASDAQ:CHCI) 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 Comstock Holding Companies stock in a transaction 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 sale, the chief operating officer owned 95,994 shares in the company, valued at $1,438,950.06. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, August 20th, Timothy Steffan sold 1,054 shares of Comstock Holding Companies stock. The stock was sold at an average price of $15.54, for a total transaction of $16,379.16.
• On Tuesday, August 19th, Timothy Steffan sold 3,430 shares of Comstock Holding Companies stock. The stock was sold at an average price of $15.66, for a total transaction of $53,713.80.
• On Tuesday, August 12th, Timothy Steffan sold 4,611 shares of Comstock Holding Companies stock. The stock was 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 transaction 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 stock was 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 Down 1.6%

CHCI traded down $0.24 during trading on Friday, reaching $15.03. 26,711 shares of the company's stock were exchanged, compared to its average volume of 15,620. Comstock Holding Companies, Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $15.95. The business has a 50 day moving average price of $12.22 and a 200 day moving average price of $10.11. The company has a market capitalization of $151.35 million, a P/E ratio of 9.95 and a beta of 0.07.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $0.14 earnings per share for the quarter. Comstock Holding Companies had a net margin of 28.35% and a return on equity of 30.98%. The firm had revenue of $12.97 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 note on Saturday, July 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truffle Hound Capital LLC bought a new stake in Comstock Holding Companies during the 2nd quarter worth about $1,146,000. Barclays PLC bought a new stake in Comstock Holding Companies during the 4th quarter worth about $40,000. Geode Capital Management LLC raised its holdings in Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock worth $1,395,000 after purchasing an additional 4,433 shares during the last quarter. Corsair Capital Management L.P. raised its holdings in Comstock Holding Companies by 6.4% during the 2nd quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company's stock worth $516,000 after purchasing an additional 3,085 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Comstock Holding Companies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock worth $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 6.45% of the company's stock.

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.