Comstock CEO Christopher Clemente sells shares price $36,343

Christopher Clemente, Chairman and CEO of Comstock Holding Corporations, Inc. (NASDAQ:CHCI), lately bought shares of the corporate, in accordance with a Kind 4 submitting with the Securities and Trade Fee. On January 10, Clemente bought 4,443 shares of Class A Widespread Inventory at a mean worth of $8.18 per share, amounting to a complete of $36,343. The transaction comes as CHCI demonstrates sturdy monetary well being with a “GREAT” score on InvestingPro‘s metrics, and the inventory has delivered a formidable 67% return over the previous 12 months.

Along with the sale, Clemente acquired shares by way of varied transactions. On January 10, he acquired 12,000 shares at a worth of $2.14 per share. The next day, he acquired extra shares by way of a number of transactions, totaling 9,934 shares, all without charge. These transactions elevated his holdings, reflecting a strategic adjustment in his inventory portfolio. Buying and selling at a P/E ratio of 13, CHCI seems undervalued in accordance with InvestingPro’s Honest Worth evaluation, with 13 extra key insights out there to subscribers.

Clemente’s transactions had been carried out not directly by way of entities and trusts related to him, as famous within the footnotes of the submitting. The corporate maintains a wholesome steadiness sheet with additional cash than debt and a robust present ratio of 6.52, indicating strong liquidity.

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