Insider Buying: New Home Company CEO Acquires 11,933 Shares of Stock (NWHM)
New Home Company (NASDAQ:NWHM) CEO H Lawrence Webb purchased 11,933 shares of New Home Company stock on the open market in a transaction that occurred on Monday, June 9th. The shares were purchased at an average price of $13.08 per share, for a total transaction of $156,083.64. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
New Home Company (NASDAQ:NWHM) traded down 3.13% during mid-day trading on Wednesday, hitting $12.38. 23,760 shares of the company’s stock traded hands. New Home Company has a one year low of $11.00 and a one year high of $15.93. The stock’s 50-day moving average is $12.9 and its 200-day moving average is $13.56. The company has a market cap of $203.6 million and a price-to-earnings ratio of 17.20.
New Home Company (NASDAQ:NWHM) last announced its earnings results on Wednesday, May 7th. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $25.60 million for the quarter, compared to the consensus estimate of $21.70 million. New Home Company’s revenue was up 41.4% compared to the same quarter last year. On average, analysts predict that New Home Company will post $0.39 earnings per share for the current fiscal year.
The New Home Company Inc, formerly The New Home Company LLC, is focused on the design, construction and sale of consumer-driven homes in major metropolitan areas within select growth markets in California, including coastal Southern California, the San Francisco Bay area and metro Sacramento.
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