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Harbor Custom Development, Inc. (HCDI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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3.1950+0.1350 (+4.41%)
As of 12:49PM EST. Market open.
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Bollinger Bands

Bollinger Bands

Previous Close3.0600
Open3.2100
Bid3.1200 x 900
Ask3.1600 x 900
Day's Range3.0800 - 3.2998
52 Week Range2.9600 - 8.3620
Volume1,432,074
Avg. Volume244,796
Market Cap43.541M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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-37% Est. Return
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  • GlobeNewswire

    Harbor Custom Development, Inc. Expands Geographic Footprint – Enters Sacramento Metro Housing Market

    Gig Harbor, Washington , Jan. 20, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 64 developed lots in the Darkhorse Golf Course community 33 miles northeast of Sacramento in Auburn, California for $9,143,700. The Darkhorse Golf Course lots average a half acre in size and provide scenic views of the beautiful four-star rated course and hill country setting. Harbor Custom Homes® anticipates commencing construction of 4 and 5 bedroom luxury homes priced from $900,000 to $1,200,000 beginning in the second quarter of 2021. The 64 lot acquisition marks Harbor’s initial expansion outside of Washington State as it begins to execute its previously stated plan to create a national footprint in areas that exhibit increasing demand along with dwindling supply. “We are excited to establish a presence in the Sacramento metro marketplace which is a significant milestone for the Company. This is the first of two regional expansions planned for the first quarter of 2021. Urban flight from the Bay Area and Silicon Valley to the less populated bedroom communities like Auburn provides for a steady stream of move up and luxury buyers,” stated Sterling Griffin, President and CEO of Harbor Custom Homes. “We believe creating a national footprint diversifies our revenue opportunities and can ultimately translate into increased shareholder value,” further stated Mr. Griffin. About Harbor Custom Development, Inc. Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington’s Puget Sound region. Harbor has active or recently sold out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington. Harbor Custom Development’s business strategy is to acquire and develop land strategically, based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces. Harbor focuses on real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations. For more information on Harbor Custom Development, Inc., please visit www.harborcustomdev.com. Forward-Looking Statements Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. CONTACT: Investor Relations Hanover International IR@harborcustomdev.com 866-744-0974

  • Harbor Custom Development Announces Closing of Public Offering
    GlobeNewswire

    Harbor Custom Development Announces Closing of Public Offering

    Gig Harbor, WA, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor Custom Development,” “Harbor,” “Harbor Custom Homes®,” or the “Company”), (Nasdaq: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the closing of its previously announced public offering of 8,000,000 shares of its common stock at a public offering price of $3.00 per share for gross proceeds of $24,000,000, before deducting underwriting discounts, commissions and estimated offering expenses. ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-251946) relating to the shares was filed with the Securities and Exchange Commission and became effective on January 12, 2021, and a related registration statement on Form S-1 (File No. 333-252064) was filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, in connection with the upsizing of the offering. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at prospectus@think-equity.com. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Harbor Custom Development, Inc. Headquartered in Gig Harbor, Washington, Harbor Custom Development, Inc. (Harbor) is a real estate development company involved in all aspects of the land development cycle including, land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington’s Puget Sound region. Harbor has active or recently sold out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington. Harbor’s business strategy is to acquire and develop land strategically, based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces. Harbor focuses on real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations. For more information on Harbor Custom Development, Inc., please visit: www.harborcustomdev.com. CONTACT: Investor Relations Hanover International IR@harborcustomdev.com (866) 744-0974

  • Harbor Custom Development Announces Pricing of Public Offering of Common Stock
    GlobeNewswire

    Harbor Custom Development Announces Pricing of Public Offering of Common Stock

    Gig Harbor, Washington , Jan. 12, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor Custom Development” “Harbor,” “Harbor Custom Homes®,”  or the “Company”), (NASDAQ:HCDI), a real estate company involved in all aspects of the land development cycle, today announced the pricing of a public offering of 8,000,000 shares of its common stock at a public offering price of $3.00 per share, for gross proceeds of $24,000,000, before deducting underwriting discounts, commissions and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less the underwriting discount, to cover over-allotments.The offering is expected to close on January 15, 2021, subject to satisfaction of customary closing conditions. ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-251946) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on January 12, 2021. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at prospectus@think-equity.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Harbor Custom Development, Inc.Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington’s Puget Sound region. The Company has active or recently sold out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington. Harbor Custom Development’s business strategy is to acquire and develop land strategically, based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces. The Company focuses on real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations. For more information on Harbor Custom Development, Inc., please visit www.harborcustomdev.com, or email the Company at IR@Harborcustomdev.com.Forward-Looking StatementsCertain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the completion of the offering and the amount of proceeds. While Harbor Custom Development, Inc. (the “Company”) believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. CONTACT: IR@Harborcustomdev.com