Insider Buying: Legacy Housing Co. (NASDAQ:LEGH) Director Purchases 4,900 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGHGet Free Report) Director Jeffrey Kyle Stouder acquired 4,900 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $21.11 per share, for a total transaction of $103,439.00. Following the completion of the acquisition, the director now owns 5,975 shares of the company’s stock, valued at $126,132.25. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jeffrey Kyle Stouder also recently made the following trade(s):

  • On Tuesday, March 26th, Jeffrey Kyle Stouder purchased 5,050 shares of Legacy Housing stock. The stock was acquired at an average price of $19.90 per share, for a total transaction of $100,495.00.

Legacy Housing Stock Up 0.5 %

Shares of LEGH stock opened at $19.80 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05. Legacy Housing Co. has a 1 year low of $17.67 and a 1 year high of $26.50. The firm’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $22.41. The firm has a market capitalization of $483.14 million, a P/E ratio of 9.12 and a beta of 0.95.

Analysts Set New Price Targets

Separately, Wedbush lowered their price target on shares of Legacy Housing from $31.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th.

View Our Latest Research Report on Legacy Housing

Institutional Investors Weigh In On Legacy Housing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LEGH. Meixler Investment Management Ltd. raised its holdings in shares of Legacy Housing by 16.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 129,499 shares of the company’s stock valued at $2,514,000 after purchasing an additional 18,524 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in shares of Legacy Housing by 8.0% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 612,765 shares of the company’s stock valued at $11,894,000 after purchasing an additional 45,159 shares during the period. Brandywine Global Investment Management LLC raised its holdings in shares of Legacy Housing by 26.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 62,853 shares of the company’s stock valued at $1,220,000 after purchasing an additional 13,023 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Legacy Housing by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 50,071 shares of the company’s stock valued at $972,000 after purchasing an additional 1,092 shares during the period. Finally, AWH Capital L.P. raised its holdings in shares of Legacy Housing by 71.3% in the 3rd quarter. AWH Capital L.P. now owns 225,000 shares of the company’s stock valued at $4,367,000 after purchasing an additional 93,630 shares during the period. 27.14% of the stock is currently owned by institutional investors and hedge funds.

Legacy Housing Company Profile

(Get Free Report)

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.

Further Reading

Insider Buying and Selling by Quarter for Legacy Housing (NASDAQ:LEGH)

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