Christopher Clemente, President and Chief Executive Officer of Comstock Holding Companies, Inc. (NASDAQ:CHCI), recently sold shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. On January 10, Clemente sold 4,443 Class A shares at an average price of $8.18 per share, for a total of $36,343. The transaction comes at a time when CHCI is demonstrating strong financial health with an “EXCELLENT” rating. InvestingPrometrics, and the stock has returned an impressive 67% over the past year.
In addition to sales, Clemente acquired shares through various transactions. On January 10, he acquired 12,000 shares at a price of $2.14 per share. The next day, he acquired additional shares through multiple transactions, totaling 9,934 shares, all at no cost. These transactions increased his holdings, reflecting a strategic adjustment of his stock portfolio. Trading at a P/E ratio of 13, CHCI appears undervalued by InvestingPro fair value analysis, with 13 additional key insights available to subscribers.
Clemente’s transactions were made indirectly through entities and foundations associated with him, as noted in the filing’s footnotes. The company maintains a healthy balance sheet with more cash than debt and a strong current ratio of 6.52, indicating strong liquidity.
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