Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Sells $44,250.00 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) COO Timothy Steffan sold 4,425 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.00, for a total transaction of $44,250.00. Following the transaction, the chief operating officer now owns 105,540 shares in the company, valued at $1,055,400. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction of $2,000.00.

Comstock Holding Companies Stock Performance

Shares of NASDAQ CHCI traded up $0.24 during midday trading on Friday, hitting $10.07. 15,690 shares of the company's stock traded hands, compared to its average volume of 23,452. Comstock Holding Companies, Inc. has a 1 year low of $5.91 and a 1 year high of $14.48. The stock has a market capitalization of $101.16 million, a price-to-earnings ratio of 17.07 and a beta of 0.06. The firm has a fifty day moving average of $9.84 and a 200 day moving average of $8.69.

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

Institutional Investors Weigh In On Comstock Holding Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC purchased a new stake in shares of Comstock Holding Companies during the 4th quarter valued at about $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. Renaissance Technologies LLC increased its position 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 valued at $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 valued at $1,395,000 after purchasing an additional 4,433 shares during the last quarter. Hedge funds and other institutional investors own 6.45% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.