Comstock CEO Christopher Clemente sells shares worth $36,343 By Investing.com

Christopher Clemente, chairman and CEO of Comstock Holding Companies, Inc. (NASDAQ: CHCI ), recently sold shares in the company, according to a filing with the Securities and Exchange Commission on January 10. Clemente sold a class A common 4,443 shares of the stock at an average price of $8.18 per share, for a total of $36,343.The transaction takes place when CHCI demonstrates strong financial health with a rating of “GREAT”. InvestingPro:and the stock has returned an impressive 67% over the past year.

In addition to the sale, Clemente acquired shares through various transactions. On January 10, he purchased 12,000 shares at a price of $2.14 per share. The following day, he acquired additional shares in a total of 9,934 shares, all at no cost.These trades boosted his stock, reflecting a strategic adjustment to his stock portfolio.Trading at a P/E ratio of 13, CHCI appears to be undervalued InvestingPro fair value analysis with 13 additional key insights available to subscribers.

Clemente’s transactions were conducted indirectly through related entities and trusts, as noted in the filings.The company maintains a healthy balance sheet with more cash than debt and a strong current ratio of 6.52, indicating solid liquidity.

This article is powered by AI and has been reviewed by an editor. See our T&C for more information.