16,362 Shares in Legacy Housing Co. (NASDAQ:LEGH) Bought by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in Legacy Housing Co. (NASDAQ:LEGH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,362 shares of the company’s stock, valued at approximately $375,000. Marshall Wace LLP owned about 0.07% of Legacy Housing as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Legacy Housing in the 2nd quarter valued at $28,000. EntryPoint Capital LLC purchased a new position in shares of Legacy Housing in the first quarter worth about $45,000. BNP Paribas Financial Markets raised its stake in shares of Legacy Housing by 79.0% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after purchasing an additional 2,520 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Legacy Housing during the first quarter worth about $245,000. Finally, Rhumbline Advisers boosted its position in Legacy Housing by 13.8% in the second quarter. Rhumbline Advisers now owns 17,796 shares of the company’s stock valued at $408,000 after buying an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wedbush restated an “outperform” rating and set a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th. B. Riley reissued a “neutral” rating and set a $29.00 target price (up previously from $25.00) on shares of Legacy Housing in a report on Monday, August 12th.

Legacy Housing Stock Down 0.1 %

Shares of LEGH stock opened at $25.95 on Friday. Legacy Housing Co. has a twelve month low of $17.67 and a twelve month high of $29.31. The stock has a market cap of $631.00 million, a P/E ratio of 12.24 and a beta of 1.08. The stock has a 50 day moving average of $26.69 and a 200 day moving average of $24.14. The company has a current ratio of 4.39, a quick ratio of 3.41 and a debt-to-equity ratio of 0.03.

Legacy Housing (NASDAQ:LEGH) last posted its earnings results 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 net margin of 32.17% and a return on equity of 12.25%. The firm had revenue of $42.50 million during the quarter, compared to analyst estimates of $46.35 million. During the same period in the previous year, the firm earned $0.60 EPS. As a group, sell-side analysts expect that Legacy Housing Co. will post 2.55 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Curtis Drew Hodgson sold 13,387 shares of Legacy Housing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $27.73, for a total value of $371,221.51. Following the completion of the transaction, the chairman now owns 684,486 shares in the company, valued at $18,980,796.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 98,247 shares of company stock worth $2,650,053. Company insiders own 32.20% of the company’s stock.

Legacy Housing 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.