Large Las Vegas Home Builder Accumulates a 7% Stake in Dominion Homes (DHOM), Stock Higher

In a 13D filing after the close on Dominion Homes Inc. (Nasdaq: DHOM), James Michael Rhodes disclosed a 7.06% stake (594K shares) in the company.

James M. Rhodes is as President and Chief Executive Officer of Sagebrush Enterprises, Inc., which is in the principal business of developing residential communities and homebuilding in southern Nevada and Arizona. Sagebrush Enterprises is affililated with Rhodes Homes.

According Rhodes Homes' website, Rhodes Homes has established itself as the largest independent homebuilders in Las Vegas and Nevada. Link

Dominion Homes builds a variety of new homes and condominiums in Columbus, Ohio and Louisville and Lexington, Kentucky.

Shaeres of Dominion Homes are up 13% today.