Second Curve Capital Lowers stake in New Home Company Inc (NWHM)

New Home Company Inc (NWHM) : Second Curve Capital reduced its stake in New Home Company Inc by 6.77% during the most recent quarter end. The investment management company now holds a total of 1,266,301 shares of New Home Company Inc which is valued at $11.3 Million after selling 92,000 shares in New Home Company Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.New Home Company Inc makes up approximately 7.62% of Second Curve Capital’s portfolio.

Other Hedge Funds, Including , Argent Capital Management reduced its stake in NWHM by selling 106,303 shares or 39.42% in the most recent quarter. The Hedge Fund company now holds 163,376 shares of NWHM which is valued at $1.5 Million. New Home Company Inc makes up approx 0.07% of Argent Capital Management’s portfolio.Blackrock Investment Management boosted its stake in NWHM in the latest quarter, The investment management firm added 833 additional shares and now holds a total of 38,819 shares of New Home Company Inc which is valued at $347,430. Tfs Capital added NWHM to its portfolio by purchasing 65,917 company shares during the most recent quarter which is valued at $589,957. New Home Company Inc makes up approx 0.09% of Tfs Capital’s portfolio.Nationwide Fund Advisors boosted its stake in NWHM in the latest quarter, The investment management firm added 236 additional shares and now holds a total of 6,449 shares of New Home Company Inc which is valued at $59,911.

New Home Company Inc opened for trading at $8.78 and hit $9.1996 on the upside on Friday, eventually ending the session at $9.15, with a gain of 5.05% or 0.44 points. The heightened volatility saw the trading volume jump to 41,190 shares. Company has a market cap of $189,487 M.

On the company’s financial health, New Home Company Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.02. The company had revenue of $85.20 million for the quarter, compared to analysts expectations of $80.76 million. The company’s revenue was down -17.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

The New Home Company Inc. formerly The New Home Company LLC is primarily engaged in all aspects of residential real estate development including acquiring land and designing constructing and selling homes located in California. The Company is focused on the design construction and sale of homes in metropolitan areas within select growth markets in California including coastal Southern California the San Francisco Bay area and metro Sacramento. It operates in two segments: homebuilding and fee building. It also offers construction services to build homes for independent third-party property owners some of which have been marketed under The New Home Company brand name. Its services with respect to fee building projects include design development construction and sale of the homes. Its product offering (including homes that Company is building for its unconsolidated joint ventures) ranges in size from approximately 800 to 5400 square feet.

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