Legacy Housing Co. (NASDAQ:LEGH) Director Buys $100,495.00 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Director Jeffrey Kyle Stouder purchased 5,050 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $19.90 per share, for a total transaction of $100,495.00. Following the completion of the transaction, the director now owns 11,025 shares in the company, valued at approximately $219,397.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 21st, Jeffrey Kyle Stouder purchased 4,900 shares of Legacy Housing stock. The shares were purchased at an average cost of $21.11 per share, for a total transaction of $103,439.00.

Legacy Housing Stock Performance

LEGH stock opened at $21.52 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05. The firm has a market cap of $525.09 million, a P/E ratio of 9.92 and a beta of 0.95. Legacy Housing Co. has a 12-month low of $17.67 and a 12-month high of $26.50. The stock’s 50 day simple moving average is $24.10 and its 200 day simple moving average is $22.40.

Institutional Investors Weigh In On Legacy Housing

Large investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd acquired a new stake in Legacy Housing in the third quarter worth $27,000. Barclays PLC increased its position in Legacy Housing by 264.8% in the fourth quarter. Barclays PLC now owns 2,349 shares of the company’s stock worth $45,000 after buying an additional 1,705 shares during the period. BNP Paribas Arbitrage SA increased its position in Legacy Housing by 102.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the company’s stock worth $35,000 after buying an additional 1,368 shares during the period. UBS Group AG increased its position in Legacy Housing by 681.7% in the fourth quarter. UBS Group AG now owns 2,736 shares of the company’s stock worth $52,000 after buying an additional 2,386 shares during the period. Finally, West Tower Group LLC acquired a new stake in Legacy Housing in the second quarter worth $64,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wedbush dropped their price target on Legacy Housing from $31.00 to $25.00 and set an “outperform” rating on the stock in a research 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.