Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan Sells 1,345 Shares

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) COO Timothy Steffan sold 1,345 shares of Comstock Holding Companies stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $10.00, for a total value of $13,450.00. Following the completion of the transaction, the chief operating officer now owns 109,965 shares in the company, valued at $1,099,650. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, June 5th, Timothy Steffan sold 4,425 shares of Comstock Holding Companies stock. The shares were sold at an average price of $10.00, for a total value of $44,250.00.
• On Tuesday, June 3rd, Timothy Steffan sold 200 shares of Comstock Holding Companies stock. The shares were sold at an average price of $10.00, for a total value of $2,000.00.

Comstock Holding Companies Price Performance

Shares of CHCI stock traded up $0.24 during midday trading on Friday, hitting $10.07. The company had a trading volume of 15,690 shares, compared to its average volume of 23,452. The company's 50 day simple moving average is $9.84 and its 200 day simple moving average is $8.69. Comstock Holding Companies, Inc. has a 52-week low of $5.91 and a 52-week high of $14.48. The stock has a market cap of $101.16 million, a price-to-earnings ratio of 17.07 and a beta of 0.06.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%. The company had revenue of $12.64 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Institutional Trading of Comstock Holding Companies

Several hedge funds have recently modified their holdings of CHCI. Barclays PLC acquired a new stake in shares of Comstock Holding Companies in the 4th quarter valued at approximately $40,000. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 4,433 shares during the period. Renaissance Technologies LLC lifted its holdings 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 buying an additional 2,100 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 1,888 shares during the period. 6.45% of the stock is owned by institutional investors and hedge funds.

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.