New Home Company Inc (NYSE:NWHM) major shareholder Second Curve Capital Llc sold 27,500 shares of the stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $6.93, for a total transaction of $190,575.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Second Curve Capital Llc also recently made the following trade(s):
- On Friday, October 26th, Second Curve Capital Llc sold 10,000 shares of New Home stock. The stock was sold at an average price of $6.88, for a total transaction of $68,800.00.
- On Monday, October 29th, Second Curve Capital Llc sold 13,000 shares of New Home stock. The stock was sold at an average price of $6.87, for a total transaction of $89,310.00.
NWHM stock traded up $0.13 during mid-day trading on Thursday, reaching $7.26. 87,167 shares of the stock traded hands, compared to its average volume of 80,770. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.37. New Home Company Inc has a 52-week low of $6.67 and a 52-week high of $13.55. The firm has a market capitalization of $140.57 million, a PE ratio of 7.48 and a beta of 1.51.
A number of hedge funds have recently bought and sold shares of NWHM. Dimensional Fund Advisors LP lifted its position in shares of New Home by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 673,168 shares of the construction company’s stock worth $6,711,000 after purchasing an additional 122,608 shares in the last quarter. BlackRock Inc. grew its holdings in New Home by 8.9% during the second quarter. BlackRock Inc. now owns 735,520 shares of the construction company’s stock valued at $7,333,000 after purchasing an additional 59,991 shares during the last quarter. Royce & Associates LP grew its holdings in New Home by 8.7% during the second quarter. Royce & Associates LP now owns 664,990 shares of the construction company’s stock valued at $6,630,000 after purchasing an additional 53,290 shares during the last quarter. Wells Fargo & Company MN grew its holdings in New Home by 34.8% during the second quarter. Wells Fargo & Company MN now owns 822,930 shares of the construction company’s stock valued at $8,205,000 after purchasing an additional 212,655 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in New Home during the second quarter valued at approximately $121,000. 58.87% of the stock is owned by institutional investors.
A number of analysts recently weighed in on NWHM shares. Zacks Investment Research cut shares of New Home from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. lowered shares of New Home from a “neutral” rating to an “underweight” rating in a research report on Friday, July 13th. Finally, ValuEngine lowered shares of New Home from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. New Home presently has a consensus rating of “Sell” and an average price target of $13.00.
New Home Company Profile
The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.
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