Insider Buying: Legacy Housing Co. (NASDAQ:LEGH) Director Purchases 5,050 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Director Jeffrey Kyle Stouder acquired 5,050 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $19.90 per share, for a total transaction of $100,495.00. Following the transaction, the director now directly owns 11,025 shares of the company’s stock, valued at approximately $219,397.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was purchased at an average price of $21.11 per share, for a total transaction of $103,439.00.

Legacy Housing Trading Up 5.3 %

Shares of LEGH opened at $20.85 on Thursday. The firm’s 50-day moving average price is $24.13 and its 200-day moving average price is $22.40. The firm has a market capitalization of $508.74 million, a price-to-earnings ratio of 9.61 and a beta of 0.95. 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.

Institutional Investors Weigh In On Legacy Housing

A number of large investors have recently modified their holdings of the stock. Voss Capital LLC boosted its stake in shares of Legacy Housing by 6.4% during the 4th quarter. Voss Capital LLC now owns 830,000 shares of the company’s stock valued at $20,933,000 after purchasing an additional 50,000 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Legacy Housing by 8.0% during 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 in the last quarter. Mill Road Capital Management LLC boosted its stake in shares of Legacy Housing by 7.3% during the 4th quarter. Mill Road Capital Management LLC now owns 500,798 shares of the company’s stock valued at $12,630,000 after purchasing an additional 33,998 shares in the last quarter. BlackRock Inc. boosted its stake in Legacy Housing by 8.3% during the second quarter. BlackRock Inc. now owns 475,456 shares of the company’s stock worth $11,026,000 after acquiring an additional 36,501 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Legacy Housing by 9.5% during the first quarter. Vanguard Group Inc. now owns 460,417 shares of the company’s stock worth $9,880,000 after acquiring an additional 39,993 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush decreased their price objective on shares of Legacy Housing from $31.00 to $25.00 and set an “outperform” rating on the stock 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.