New Home Company Inc (NYSE:NWHM) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.62 and last traded at $6.93, with a volume of 2491 shares traded. The stock had previously closed at $6.76.
The company has a market capitalization of $146.62 million, a PE ratio of 7.05 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.48.
New Home (NYSE:NWHM) last released its quarterly earnings results on Thursday, October 25th. The construction company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $159.11 million for the quarter. New Home had a return on equity of 5.99% and a net margin of 1.63%.
In related news, major shareholder Second Curve Capital Llc sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $6.93, for a total transaction of $190,575.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 50,500 shares of company stock worth $348,685 in the last 90 days. 24.60% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. acquired a new stake in New Home during the 2nd quarter worth approximately $121,000. Bank of Montreal Can lifted its position in New Home by 100.9% during the 2nd quarter. Bank of Montreal Can now owns 20,091 shares of the construction company’s stock worth $200,000 after acquiring an additional 10,091 shares during the period. Royce & Associates LP lifted its position in New Home by 8.7% during the 2nd quarter. Royce & Associates LP now owns 664,990 shares of the construction company’s stock worth $6,630,000 after acquiring an additional 53,290 shares during the period. Dimensional Fund Advisors LP lifted its position in New Home by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 673,168 shares of the construction company’s stock worth $6,711,000 after acquiring an additional 122,608 shares during the period. Finally, BlackRock Inc. lifted its position in New Home by 8.9% during the 2nd quarter. BlackRock Inc. now owns 735,520 shares of the construction company’s stock worth $7,333,000 after acquiring an additional 59,991 shares during the period. 57.66% of the stock is owned by institutional investors.
New Home Company Profile (NYSE:NWHM)
The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.
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