Comstock CEO Christopher Clemente sells shares worth $36,343

Christopher Clemente, Chairman and CEO 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 shares of Class A Common Stock at an average price of $8.18 per share, amounting to a total of $36,343. The transaction comes as CHCI demonstrates strong financial health with a “GREAT” rating on InvestingPro‘s metrics, and the stock has delivered an impressive 67% return over the past year.

In addition to the sale, Clemente acquired shares through various transactions. On January 10, he acquired 12,000 shares at a price of $2.14 per share. The following 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 in his stock portfolio. Trading at a P/E ratio of 13, CHCI appears undervalued according to InvestingPro’s Fair Value analysis, with 13 additional key insights available to subscribers.

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

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