Jeffrey Kyle Stouder Purchases 5,050 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGH) Director Jeffrey Kyle Stouder acquired 5,050 shares of Legacy Housing stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $19.90 per share, with a total value of $100,495.00. Following the acquisition, the director now owns 11,025 shares of the company’s stock, valued at $219,397.50. The transaction 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 Thursday, March 21st, Jeffrey Kyle Stouder acquired 4,900 shares of Legacy Housing stock. The shares were purchased at an average price of $21.11 per share, with a total value of $103,439.00.

Legacy Housing Stock Up 5.3 %

NASDAQ LEGH opened at $20.85 on Thursday. 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 company has a 50 day moving average of $24.13 and a 200-day moving average of $22.40. The company has a market cap of $508.74 million, a price-to-earnings ratio of 9.61 and a beta of 0.95.

Institutional Investors Weigh In On Legacy Housing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meixler Investment Management Ltd. raised its position in shares of Legacy Housing by 16.7% in the third quarter. Meixler Investment Management Ltd. now owns 129,499 shares of the company’s stock valued at $2,514,000 after buying an additional 18,524 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in Legacy Housing by 8.0% during the third 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 in the last quarter. Brandywine Global Investment Management LLC raised its position in Legacy Housing by 26.1% during the third 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 in the last quarter. Bank of New York Mellon Corp raised its position in Legacy Housing by 2.2% during the third 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 in the last quarter. Finally, AWH Capital L.P. raised its position in Legacy Housing by 71.3% during the third 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 in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Legacy Housing Company Profile

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.