Insider Buying: Legacy Housing Co. (NASDAQ:LEGH) Director Buys $103,439.00 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Director Jeffrey Kyle Stouder acquired 4,900 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $21.11 per share, with a total value of $103,439.00. Following the acquisition, the director now directly owns 5,975 shares in the company, valued at $126,132.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, March 26th, Jeffrey Kyle Stouder acquired 5,050 shares of Legacy Housing stock. The shares were bought at an average cost of $19.90 per share, with a total value of $100,495.00.

Legacy Housing Stock Up 5.3 %

Shares of 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 12 month low of $17.67 and a 12 month high of $26.50. The company has a 50-day moving average price of $24.13 and a 200 day moving average price 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Voss Capital LLC lifted its holdings in shares of Legacy Housing by 6.4% in the 4th quarter. Voss Capital LLC now owns 830,000 shares of the company’s stock valued at $20,933,000 after acquiring an additional 50,000 shares during the last quarter. Punch & Associates Investment Management Inc. lifted 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 acquiring an additional 45,159 shares during the last quarter. Mill Road Capital Management LLC lifted its holdings in shares of Legacy Housing by 7.3% in the 4th quarter. Mill Road Capital Management LLC now owns 500,798 shares of the company’s stock valued at $12,630,000 after acquiring an additional 33,998 shares during the last quarter. BlackRock Inc. raised its position in Legacy Housing by 8.3% in the 2nd quarter. BlackRock Inc. now owns 475,456 shares of the company’s stock worth $11,026,000 after purchasing an additional 36,501 shares during the period. Finally, Vanguard Group Inc. raised its position in Legacy Housing by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 460,417 shares of the company’s stock worth $9,880,000 after purchasing an additional 39,993 shares during the period. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Legacy Housing

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.