Harbor Custom Development (NASDAQ:HCDI – Get Rating) posted its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02), MarketWatch Earnings reports. Harbor Custom Development had a return on equity of 27.49% and a net margin of 12.24%. Harbor Custom Development updated its FY 2022 guidance to EPS.
NASDAQ HCDI opened at $1.89 on Friday. Harbor Custom Development has a 52-week low of $1.67 and a 52-week high of $3.80. The company has a debt-to-equity ratio of 1.66, a quick ratio of 3.16 and a current ratio of 3.16. The firm has a 50-day moving average of $2.29 and a 200-day moving average of $2.37. The stock has a market cap of $24.97 million, a PE ratio of 4.97 and a beta of -0.33.
Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in Harbor Custom Development in the 3rd quarter worth about $34,000. Millennium Management LLC acquired a new stake in Harbor Custom Development in the 4th quarter worth about $143,000. Geode Capital Management LLC raised its stake in Harbor Custom Development by 34.7% in the 3rd quarter. Geode Capital Management LLC now owns 82,263 shares of the company’s stock worth $193,000 after purchasing an additional 21,212 shares in the last quarter. State Street Corp raised its stake in Harbor Custom Development by 562.7% in the 4th quarter. State Street Corp now owns 101,400 shares of the company’s stock worth $267,000 after purchasing an additional 86,100 shares in the last quarter. Finally, Morgan Stanley acquired a new stake in Harbor Custom Development in the 2nd quarter worth about $494,000. Institutional investors and hedge funds own 12.90% of the company’s stock.
Harbor Custom Development, Inc operates as a real estate development company in Washington, California, Texas, and Florida. The company is involved in land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, sales, and management of various residential projects.
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