Legacy Housing Co. (NASDAQ:LEGH) Shares Purchased by Bard Associates Inc.

Bard Associates Inc. raised its holdings in shares of Legacy Housing Co. (NASDAQ:LEGH) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,414 shares of the company’s stock after acquiring an additional 1,450 shares during the quarter. Legacy Housing makes up 1.8% of Bard Associates Inc.’s investment portfolio, making the stock its 6th largest position. Bard Associates Inc.’s holdings in Legacy Housing were worth $5,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Legacy Housing in the 2nd quarter worth about $28,000. EntryPoint Capital LLC bought a new stake in shares of Legacy Housing during the 1st quarter valued at about $45,000. SG Americas Securities LLC acquired a new stake in shares of Legacy Housing during the 3rd quarter worth approximately $121,000. BNP Paribas Financial Markets lifted its stake in Legacy Housing by 79.0% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock valued at $123,000 after buying an additional 2,520 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Legacy Housing in the 1st quarter worth about $245,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LEGH has been the subject of a number of research analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $29.00 price target (up from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th. Wedbush reissued an “outperform” rating and set a $29.00 target price on shares of Legacy Housing in a research note on Friday, August 9th.

Legacy Housing Price Performance

Shares of NASDAQ:LEGH opened at $25.90 on Friday. The stock has a market cap of $625.74 million, a price-to-earnings ratio of 11.94 and a beta of 1.09. The company has a 50 day moving average of $26.68 and a 200-day moving average of $25.14. Legacy Housing Co. has a one year low of $19.42 and a one year high of $29.31.

Insiders Place Their Bets

In other news, Chairman Curtis Drew Hodgson sold 16,268 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $27.52, for a total transaction of $447,695.36. Following the completion of the sale, the chairman now owns 526,473 shares in the company, valued at $14,488,536.96. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 167,795 shares of company stock valued at $4,477,603 in the last 90 days. 30.60% of the stock is currently owned by insiders.

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.