Comstock Holding Companies (NASDAQ:CHCI) Director Sells $34,517.52 in Stock

Key Points

• Director James A. Maccutcheon sold 2,292 shares of Comstock Holding Companies at an average price of $15.06, totaling $34,517.52, which decreased his ownership by 1.60%.
• Comstock Holding Companies reported a net margin of 28.35% and a return on equity of 30.98% in its latest quarterly earnings, with a revenue of $12.97 million.
• Analysts downgraded the stock rating from "strong-buy" to "buy", indicating a change in outlook for Comstock Holding Companies.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) Director James A. Maccutcheon sold 2,292 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $15.06, for a total transaction of $34,517.52. Following the completion of the transaction, the director directly owned 141,124 shares of the company's stock, valued at approximately $2,125,327.44. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Comstock Holding Companies Price Performance

Comstock Holding Companies stock remained flat at $15.43 during mid-day trading on Wednesday. 23,505 shares of the company's stock were exchanged, compared to its average volume of 17,705. Comstock Holding Companies, Inc. has a 12 month low of $6.31 and a 12 month high of $15.95. The company has a market cap of $155.38 million, a P/E ratio of 10.22 and a beta of 0.07. The business's 50-day simple moving average is $12.02 and its 200-day simple moving average is $10.00.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of 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 in the last quarter. Renaissance Technologies LLC increased 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 purchasing an additional 2,100 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in shares of Comstock Holding Companies during the 2nd quarter worth approximately $1,146,000. Corsair Capital Management L.P. increased its stake 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 worth $516,000 after purchasing an additional 3,085 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in 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 worth $272,000 after acquiring an additional 1,888 shares during the period. 6.45% of the stock is owned by hedge funds and other institutional investors.

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.