In the past year, insiders sold US $ 642,000 worth of Comstock Holding Companies, Inc. (NASDAQ: CHCI) at an average price of US $ 6.40 per share allowing them to get the most out of their money. The company’s market valuation fell US $ 4.4 million after the stock price fell 11% over the past week, but insiders were spared painful losses.
While insider trading is not the most important thing when it comes to investing for the long term, we would consider it foolish to ignore insider trading altogether.
Check out our latest analysis for Comstock Holding Companies
The last 12 months of insider trading at Comstock Holding Companies
Executive Vice President of Strategy and Corporate Development and Director Joseph Squeri made the biggest insider sale in the past 12 months. This one-time transaction involved shares valued at US $ 534,000 priced at US $ 6.54 each. While we generally don’t like to see insider sales, it is more of a concern if the sales come at a lower price. It is heartwarming that this sale was made at a much higher price than the current share price, which is US $ 4.47. So it might not shed much light on insider confidence at current levels.
Insiders of Comstock Holding Companies have not bought any shares in the past year. The chart below shows insider trading (by companies and individuals) over the past year. By clicking on the graph below, you can see the precise detail of each insider trade!
If you are like me then you not want to miss it free list of growing companies that insiders buy.
Do Comstock holding companies boast of strong insider ownership?
Many investors like to check how well a company is owned by insiders. Strong insider ownership often makes company management more concerned with the interests of shareholders. Insiders of Comstock Holding Companies own around $ 25 million in shares (or 68% of the company). This type of large insider ownership generally increases the chances that the business will be run in the best interests of all shareholders.
What might the insider trading of Comstock holding companies tell us?
It doesn’t really mean much that no insider traded shares of Comstock Holding Companies in the past quarter. It’s great to see high levels of insider ownership, but looking back over the last year, we are not gaining the trust of Comstock Holding Companies insiders who are selling. So these insider trading can help us build a stock thesis, but it’s also worth knowing the risks this business faces. When we did our research we found 4 warning signs for Comstock holding companies (1 makes us a little uncomfortable!) Which we think deserve your full attention.
Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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