Algert Global LLC purchased a new stake in shares of New Home Company Inc (NYSE:NWHM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 127,070 shares of the construction company’s stock, valued at approximately $1,418,000. Algert Global LLC owned about 0.61% of New Home as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of New Home during the 3rd quarter valued at about $121,000. Brandywine Global Investment Management LLC boosted its holdings in shares of New Home by 10.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 11,274 shares of the construction company’s stock valued at $130,000 after acquiring an additional 1,054 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of New Home by 9.5% during the 2nd quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock valued at $153,000 after acquiring an additional 1,150 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of New Home during the 2nd quarter valued at about $160,000. Finally, Prudential Financial Inc. purchased a new stake in shares of New Home during the 3rd quarter valued at about $163,000. 55.73% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Joseph David Davis sold 3,304 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $11.55, for a total value of $38,161.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lp Tcn/Tnhc sold 4,394 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $11.35, for a total transaction of $49,871.90. The disclosure for this sale can be found here. Insiders sold a total of 291,617 shares of company stock worth $3,422,452 in the last quarter. Company insiders own 24.20% of the company’s stock.
New Home Company Inc (NYSE NWHM) opened at $12.01 on Friday. New Home Company Inc has a one year low of $9.75 and a one year high of $13.20. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.26. The firm has a market cap of $250.73, a P/E ratio of 10.72 and a beta of 1.87.
New Home (NYSE:NWHM) last issued its quarterly earnings data on Friday, October 27th. The construction company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. New Home had a net margin of 2.73% and a return on equity of 9.52%. The firm had revenue of $157.93 million for the quarter, compared to analysts’ expectations of $143.66 million. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s quarterly revenue was down 11.2% on a year-over-year basis. research analysts expect that New Home Company Inc will post 0.96 earnings per share for the current fiscal year.
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New Home Company Profile
The New Home Company Inc is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area.
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