Insider Selling: Comstock Holding Companies (NASDAQ:CHCI) COO Sells 4,611 Shares of Stock

Key Points

• COO Timothy Steffan sold 4,611 shares of Comstock Holding Companies stock for a total value of $68,196.69, resulting in a 4.54% decrease in his ownership.
• The company's stock price is currently $14.95, with a market capitalization of $150.25 million and a price-to-earnings ratio of 9.90.
• Recent institutional trading activity reveals that Corsair Capital Management L.P. and others have increased their positions in Comstock Holding Companies, with institutional investors currently holding 6.45% of the stock.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) COO Timothy Steffan sold 4,611 shares of Comstock Holding Companies stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $14.79, for a total value of $68,196.69. Following the completion of the transaction, the chief operating officer owned 96,899 shares of the company's stock, valued at approximately $1,433,136.21. The trade was a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, August 15th, Timothy Steffan sold 905 shares of Comstock Holding Companies stock. The shares were sold at an average price of $14.99, for a total value of $13,565.95.
• On Friday, June 6th, Timothy Steffan sold 4,030 shares of Comstock Holding Companies stock. The shares were 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 shares were sold at an average price of $10.00, for a total value 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 value of $13,450.00.
• 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 NASDAQ CHCI traded down $0.24 during midday trading on Tuesday, hitting $15.32. The stock had a trading volume of 14,073 shares, compared to its average volume of 23,610. The company's 50-day simple moving average is $11.82 and its 200 day simple moving average is $9.92. The firm has a market cap of $154.29 million, a P/E ratio of 10.20 and a beta of 0.07. Comstock Holding Companies, Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $15.95.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its earnings results on Thursday, August 7th. The construction company reported $0.14 EPS for the quarter. The company 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%.

Institutional Investors Weigh In On Comstock Holding Companies

A number of institutional investors have recently made changes to their positions in CHCI. Barclays PLC acquired a new stake in shares of Comstock Holding Companies during the fourth quarter worth $40,000. Dimensional Fund Advisors LP grew its stake in shares of Comstock Holding Companies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company's stock worth $272,000 after purchasing an additional 1,888 shares during the period. Corsair Capital Management L.P. grew its stake in shares of Comstock Holding Companies by 6.4% during the second 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 period. Truffle Hound Capital LLC acquired a new position in Comstock Holding Companies in the second quarter valued at about $1,146,000. Finally, Renaissance Technologies LLC grew its stake in Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock valued at $1,224,000 after acquiring an additional 2,100 shares during the period. 6.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.