Insider Selling: Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director Sells 6,660 Shares of Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) Director David M. Guernsey sold 6,660 shares of Comstock Holding Companies stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.01, for a total transaction of $66,666.60. Following the transaction, the director now directly owns 49,867 shares in the company, valued at $499,168.67. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Comstock Holding Companies Stock Up 3.1%

Shares of NASDAQ:CHCI traded up $0.31 on Monday, hitting $10.38. The company had a trading volume of 25,199 shares, compared to its average volume of 23,459. The firm's 50-day simple moving average is $9.84 and its two-hundred day simple moving average is $8.69. The firm has a market capitalization of $104.28 million, a price-to-earnings ratio of 17.59 and a beta of 0.06. Comstock Holding Companies, Inc. has a 1 year low of $5.91 and a 1 year high of $14.48.

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a report on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position 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 valued at $272,000 after purchasing an additional 1,888 shares in the last quarter. Barclays PLC bought a new position in Comstock Holding Companies in the fourth quarter worth $40,000. Renaissance Technologies LLC lifted its position in Comstock Holding Companies by 1.4% during the fourth 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, Geode Capital Management LLC grew its position in 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 worth $1,395,000 after purchasing an additional 4,433 shares during the period. Institutional investors own 6.45% of the company's stock.

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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