Comstock Holding Companies (NASDAQ:CHCI) COO Sells $16,379.16 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 1,054 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $15.54, for a total transaction of $16,379.16. Following the sale, the chief operating officer directly owned 91,510 shares of the company’s stock, valued at $1,422,065.40. The trade was a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, August 19th, Timothy Steffan sold 3,430 shares of Comstock Holding Companies stock. The shares were sold at an average price of $15.66, for a total transaction of $53,713.80.
• On Friday, August 15th, Timothy Steffan sold 905 shares of Comstock Holding Companies stock. The stock was sold at an average price of $14.99, for a total transaction of $13,565.95.
• On Tuesday, August 12th, Timothy Steffan sold 4,611 shares of Comstock Holding Companies stock. The stock was sold at an average price of $14.79, for a total transaction of $68,196.69.
• On Friday, June 6th, Timothy Steffan sold 4,030 shares of Comstock Holding Companies stock. The stock was sold at an average price of $10.00, for a total transaction of $40,300.00.
• On Thursday, June 5th, Timothy Steffan sold 4,425 shares of Comstock Holding Companies stock. The stock was sold at an average price of $10.00, for a total transaction of $44,250.00.
• 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 transaction of $13,450.00.
• On Tuesday, June 3rd, Timothy Steffan sold 200 shares of Comstock Holding Companies stock. The stock was sold at an average price of $10.00, for a total transaction of $2,000.00.

Comstock Holding Companies Trading Down 1.6%

NASDAQ CHCI opened at $15.03 on Friday. The company has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $10.10. The stock has a market cap of $151.35 million, a P/E ratio of 9.95 and a beta of 0.07. Comstock Holding Companies, Inc. has a 12-month low of $6.31 and a 12-month high of $15.95.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $12.97 million during the quarter. Comstock Holding Companies had a net margin of 28.35% and a return on equity of 30.98%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Comstock Holding Companies in the fourth quarter valued at $40,000. Dimensional Fund Advisors LP increased its holdings in Comstock Holding Companies by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after buying an additional 1,888 shares in the last quarter. Corsair Capital Management L.P. increased its holdings in Comstock Holding Companies by 6.4% in the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock valued at $516,000 after buying an additional 3,085 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in Comstock Holding Companies in the second quarter valued at $1,146,000. Finally, Renaissance Technologies LLC increased its holdings 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 buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 6.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of 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.