Bard Associates Inc. Buys 1,450 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Bard Associates Inc. increased its stake in shares of Legacy Housing Co. (NASDAQ:LEGH) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,414 shares of the company’s stock after acquiring an additional 1,450 shares during the period. Legacy Housing comprises about 1.8% of Bard Associates Inc.’s portfolio, making the stock its 6th largest position. Bard Associates Inc. owned about 0.81% of Legacy Housing worth $5,399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in Legacy Housing by 79.0% during the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after acquiring an additional 2,520 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Legacy Housing by 5.0% during the 1st quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock worth $794,000 after acquiring an additional 1,767 shares in the last quarter. Vanguard Group Inc. raised its position in Legacy Housing by 5.2% during the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock valued at $9,499,000 after purchasing an additional 21,995 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Legacy Housing in the 1st quarter valued at $45,000. Finally, Quadrature Capital Ltd bought a new position in shares of Legacy Housing in the 1st quarter valued at $245,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Trading Down 1.3 %

Shares of LEGH opened at $25.90 on Friday. The stock has a market capitalization of $625.74 million, a P/E ratio of 11.94 and a beta of 1.09. The firm’s fifty day simple moving average is $26.68 and its two-hundred day simple moving average is $25.14. Legacy Housing Co. has a 12 month low of $19.42 and a 12 month high of $29.31.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. 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 research note on Monday, August 12th. Wedbush reaffirmed an “outperform” rating and set a $29.00 target price on shares of Legacy Housing in a research note on Friday, August 9th.

Insider Buying and Selling

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock in a transaction on Monday, October 21st. The shares were sold at an average price of $27.02, for a total transaction of $35,126.00. Following the sale, the chairman now owns 577,341 shares of the company’s stock, valued at $15,599,753.82. The trade was a 0.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 167,795 shares of company stock worth $4,477,603 in the last three months. 30.60% of the stock is owned by insiders.

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.