Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director James A. Maccutcheon Sells 1,000 Shares

Key Points

• Director James A. Maccutcheon sold 1,000 shares of Comstock Holding Companies (NASDAQ:CHCI) at an average price of $15.04, reducing his ownership by 0.68% and leaving him with 147,046 shares valued at approximately $2.21 million.
• Following recent trading activity, the stock price increased by 2.4% to reach $15.10, with a market capitalization of $151.76 million and a price-to-earnings ratio of 10.00.
• Comstock Holding Companies reported earnings of $0.14 EPS with a revenue of $12.97 million for the last quarter, showing a return on equity of 30.98% and a net margin of 28.35%.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) Director James A. Maccutcheon sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $15.04, for a total value of $15,040.00. Following the transaction, the director owned 147,046 shares in the company, valued at $2,211,571.84. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Comstock Holding Companies Trading Up 2.4%

Shares of CHCI traded up $0.35 during trading hours on Wednesday, reaching $15.10. The stock had a trading volume of 31,802 shares, compared to its average volume of 18,348. The company has a market capitalization of $151.76 million, a price-to-earnings ratio of 10.00 and a beta of 0.07. The firm has a 50-day simple moving average of $11.52 and a 200 day simple moving average of $9.77. Comstock Holding Companies, Inc. has a 12 month low of $6.31 and a 12 month high of $15.25.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Comstock Holding Companies

Several large investors have recently made changes to their positions in CHCI. Barclays PLC purchased a new stake in shares of Comstock Holding Companies during the 4th quarter valued at $40,000. Dimensional Fund Advisors LP increased its position in shares of Comstock Holding Companies by 5.9% during 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. Corsair Capital Management L.P. increased its position in shares of 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 valued at $516,000 after purchasing an additional 3,085 shares during the last quarter. Truffle Hound Capital LLC bought a new position in shares of Comstock Holding Companies during the 2nd quarter worth $1,146,000. Finally, Renaissance Technologies LLC grew its stake in shares of 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 acquiring an additional 2,100 shares during the period. 6.45% of the stock is owned by hedge funds and other institutional investors.

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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