In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), New Home Co Inc. (NYSE:NWHM) reported that Wells Fargo & Company/mn has picked up 806,597 of common stock as of 2017-05-10.
The acquisition brings the aggregate amount owned by Wells Fargo & Company/mn to a total of 806,597 representing less than 3.87% stake in the company.
For those not familiar with the company, 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. The Company’s segments include homebuilding and fee building. The homebuilding operations consist of divisions in Northern California, Southern California and its division in Arizona, which is established through the purchase of lots in an unconsolidated joint venture. The Company is focused on building and selling homes for its own account. It is focused on identifying sites and creating communities that allow it to design, construct and sell consumer-driven single-family detached and attached homes in major metropolitan areas in coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area.
A glance at New Home Co Inc. (NYSE:NWHM)’s key stats reveals a current market capitalization of 256.19 Million based on 20.86 Million shares outstanding and a price at last close of $11.79 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-08-02, Webb picked up 10,200 at a purchase price of $9.75. This brings their total holding to 748,956 as of the date of the filing.
On the sell side, the most recent transaction saw Redwitz unload 3,000 shares at a sale price of 14.19. This brings their total holding to 443,322.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on New Home Co Inc. (NYSE:NWHM) as things move forward to see if its progress aligns with these transactions.
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