Squarepoint Ops LLC Acquires New Shares in Legacy Housing Co. (NASDAQ:LEGH)

Squarepoint Ops LLC acquired a new position in Legacy Housing Co. (NASDAQ:LEGH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,312 shares of the company’s stock, valued at approximately $397,000. Squarepoint Ops LLC owned 0.07% of Legacy Housing as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LEGH. Dimensional Fund Advisors LP lifted its stake in Legacy Housing by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock valued at $13,975,000 after purchasing an additional 88,921 shares during the last quarter. SG Capital Management LLC acquired a new position in Legacy Housing during the first quarter valued at approximately $1,532,000. Progeny 3 Inc. acquired a new position in shares of Legacy Housing during the 2nd quarter worth about $1,019,000. Renaissance Technologies LLC increased its holdings in shares of Legacy Housing by 161.0% during the 2nd quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock worth $922,000 after purchasing an additional 24,800 shares during the period. Finally, Vanguard Group Inc. lifted its position in Legacy Housing by 5.2% in the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after purchasing an additional 21,995 shares during the period. Institutional investors own 89.35% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Curtis Drew Hodgson sold 5,288 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $26.29, for a total value of $139,021.52. Following the transaction, the chairman now directly owns 605,121 shares of the company’s stock, valued at $15,908,631.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 98,247 shares of company stock worth $2,650,053. Company insiders own 32.20% of the company’s stock.

Legacy Housing Stock Down 0.1 %

NASDAQ:LEGH opened at $25.95 on Friday. The company has a market cap of $631.00 million, a PE ratio of 12.24 and a beta of 1.08. Legacy Housing Co. has a 52-week low of $17.67 and a 52-week high of $29.31. The stock has a 50-day simple moving average of $26.69 and a 200 day simple moving average of $24.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 4.39.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. The company had revenue of $42.50 million during the quarter, compared to analysts’ expectations of $46.35 million. During the same quarter last year, the company earned $0.60 EPS. On average, sell-side analysts expect that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.