New Home Company Inc (NWHM) Director Acquires $35,550.00 in Stock

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New Home Company Inc (NYSE:NWHM) Director Paul C. Heeschen bought 7,500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $4.74 per share, with a total value of $35,550.00. Following the transaction, the director now directly owns 42,783 shares of the company’s stock, valued at $202,791.42. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

NYSE:NWHM traded down $0.09 during midday trading on Friday, reaching $4.74. 210 shares of the stock traded hands, compared to its average volume of 61,428. New Home Company Inc has a 12-month low of $4.64 and a 12-month high of $11.82. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $98.54 million, a price-to-earnings ratio of 13.03 and a beta of 1.84.

New Home (NYSE:NWHM) last posted its earnings results on Friday, February 15th. The construction company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.18). New Home had a negative net margin of 2.13% and a positive return on equity of 2.96%. The firm had revenue of $229.67 million for the quarter.

Separately, ValuEngine raised shares of New Home from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in shares of New Home by 37.0% in the fourth quarter. Rhumbline Advisers now owns 16,749 shares of the construction company’s stock worth $88,000 after buying an additional 4,520 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of New Home by 86.2% in the fourth quarter. Bank of America Corp DE now owns 17,912 shares of the construction company’s stock worth $93,000 after buying an additional 8,294 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of New Home in the fourth quarter worth $307,000. Geode Capital Management LLC raised its holdings in shares of New Home by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 119,932 shares of the construction company’s stock worth $627,000 after buying an additional 5,598 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of New Home by 1.2% in the fourth quarter. Northern Trust Corp now owns 150,239 shares of the construction company’s stock worth $786,000 after buying an additional 1,832 shares during the last quarter. 60.01% of the stock is owned by institutional investors and hedge funds.

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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.

Further Reading: How can you know how many shares are floating?

Insider Buying and Selling by Quarter for New Home (NYSE:NWHM)

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