Comstock Holding Companies (NASDAQ:CHCI) Director Buys $23,912.00 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David Hirsh purchased 1,400 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was bought at an average price of $17.08 per share, for a total transaction of $23,912.00. Following the acquisition, the director owned 2,000 shares in the company, valued at $34,160. The trade was a 233.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Comstock Holding Companies Stock Up 0.5%

Shares of NASDAQ CHCI traded up $0.08 during trading on Thursday, hitting $15.92. 5,082 shares of the company traded hands, compared to its average volume of 27,705. Comstock Holding Companies, Inc. has a 1 year low of $10.14 and a 1 year high of $22.07. The company has a 50-day moving average price of $18.86 and a 200-day moving average price of $16.22. The firm has a market capitalization of $163.70 million, a P/E ratio of 6.72 and a beta of -0.42.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results on Thursday, November 5th. The construction company reported $0.06 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 32.62% and a net margin of 30.43%. The business had revenue of $17.86 million for the quarter.

Institutional Trading of Comstock Holding Companies

Large investors have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. purchased a new stake in shares of Comstock Holding Companies during the 3rd quarter valued at about $568,000. Integrated Wealth Concepts LLC purchased a new position in Comstock Holding Companies in the 2nd quarter worth approximately $45,000. Navellier & Associates Inc. boosted its holdings in Comstock Holding Companies by 159.2% in the 2nd quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock worth $601,000 after acquiring an additional 23,072 shares during the period. Corsair Capital Management L.P. boosted its holdings in Comstock Holding Companies by 8.4% in the 1st quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company’s stock worth $933,000 after acquiring an additional 3,800 shares during the period. Finally, Renaissance Technologies LLC grew its position in Comstock Holding Companies by 1.8% in the first quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company’s stock valued at $3,418,000 after acquiring an additional 3,213 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHCI has been the topic of a number of research reports. Wall Street Zen downgraded Comstock Holding Companies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings lowered Comstock Holding Companies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc. is a real estate development and asset management company focused on mixed-use and transit-oriented properties. The company plans, develops, owns, operates and manages residential, office, retail, entertainment and hospitality assets, with an emphasis on creating walkable, amenity-rich communities. Comstock’s activities are concentrated primarily in the Washington, D.C., metropolitan area, particularly Northern Virginia. Its portfolio and development projects have included large-scale urban communities such as Reston Station, which combines multifamily housing, office space, retail, dining, entertainment and public amenities near major transportation infrastructure.