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 stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.00, for a total transaction of $44,250.00. Following the transaction, the chief operating officer now directly owns 105,540 shares in the company, valued at $1,055,400. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was 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 Stock Performance

Shares of Comstock Holding Companies stock traded up $0.02 on Friday, reaching $9.85. The stock had a trading volume of 4,990 shares, compared to its average volume of 25,881. The business's 50-day moving average price is $9.81 and its two-hundred day moving average price is $8.69. The stock has a market cap of $98.90 million, a P/E ratio of 16.69 and a beta of 0.14. Comstock Holding Companies, Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $14.48.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share for the quarter. The firm 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%.

Institutional Trading of Comstock Holding Companies

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 1,888 shares during the last quarter. Barclays PLC bought a new stake in shares of Comstock Holding Companies in the fourth quarter valued at about $40,000. Renaissance Technologies LLC increased its stake 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 acquiring an additional 2,100 shares during the period. Finally, Geode Capital Management LLC raised its holdings 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 valued at $1,395,000 after acquiring an additional 4,433 shares in the last quarter. Institutional investors own 6.45% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Comstock Holding Companies in a research report on Wednesday, April 23rd. They set a "buy" rating for the company.

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.