Insider Buying: New Home Company Inc (NYSE:NWHM) Director Buys 4,000 Shares of Stock

New Home Company Inc (NYSE:NWHM) Director Paul C. Heeschen acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average cost of $3.83 per share, for a total transaction of $15,320.00. Following the completion of the purchase, the director now directly owns 73,326 shares of the company’s stock, valued at $280,838.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NYSE NWHM traded up $0.36 during midday trading on Monday, reaching $4.29. 145,946 shares of the company were exchanged, compared to its average volume of 65,916. The stock has a market cap of $78.79 million, a PE ratio of 10.62 and a beta of 1.80. New Home Company Inc has a one year low of $3.62 and a one year high of $10.54. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10.

New Home (NYSE:NWHM) last posted its earnings results on Friday, May 3rd. The construction company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The firm had revenue of $118.85 million for the quarter. New Home had a negative net margin of 2.35% and a positive return on equity of 2.95%.



Several hedge funds and other institutional investors have recently bought and sold shares of NWHM. Charles Schwab Investment Management Inc. grew its stake in shares of New Home by 40.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,510 shares of the construction company’s stock worth $160,000 after purchasing an additional 9,661 shares during the last quarter. Citigroup Inc. grew its stake in shares of New Home by 92.2% in the first quarter. Citigroup Inc. now owns 6,683 shares of the construction company’s stock worth $32,000 after purchasing an additional 3,206 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of New Home by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,003,060 shares of the construction company’s stock worth $4,775,000 after purchasing an additional 92,738 shares during the last quarter. Geode Capital Management LLC grew its stake 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 purchasing an additional 5,598 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of New Home in the fourth quarter worth $307,000. 57.22% of the stock is currently owned by hedge funds and other institutional investors.

NWHM has been the topic of a number of research reports. ValuEngine raised shares of New Home from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. TheStreet cut shares of New Home from a “c” rating to a “d” rating in a research note on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. New Home has an average rating of “Sell”.

ILLEGAL ACTIVITY WARNING: “Insider Buying: New Home Company Inc (NYSE:NWHM) Director Buys 4,000 Shares of Stock” was first reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://dakotafinancialnews.com/2019/06/10/insider-buying-new-home-company-inc-nysenwhm-director-buys-4000-shares-of-stock.html.

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 Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

Featured Story: How to interpret a stock’s beta number

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

Receive News & Ratings for New Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Home and related companies with MarketBeat.com's FREE daily email newsletter.