Black Maple Capital Management LP Invests $394,000 in Landsea Homes Co. (NASDAQ:LSEA)

Black Maple Capital Management LP bought a new stake in Landsea Homes Co. (NASDAQ:LSEA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,464 shares of the company's stock, valued at approximately $394,000. Black Maple Capital Management LP owned approximately 0.13% of Landsea Homes at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Landsea Homes in the 4th quarter valued at about $38,000. Tower Research Capital LLC TRC lifted its holdings in shares of Landsea Homes by 100.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock worth $63,000 after purchasing an additional 3,721 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Landsea Homes by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock valued at $104,000 after buying an additional 1,870 shares in the last quarter. SG Americas Securities LLC increased its holdings in Landsea Homes by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock worth $112,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Landsea Homes in the third quarter valued at about $167,000. Institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LSEA shares. Barclays cut their price objective on Landsea Homes from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Wedbush reiterated an "outperform" rating and issued a $15.00 price target on shares of Landsea Homes in a research report on Wednesday, March 5th.

Landsea Homes Price Performance

Landsea Homes stock traded up $0.46 during mid-day trading on Friday, hitting $6.56. 1,023,136 shares of the company traded hands, compared to its average volume of 261,652. The stock has a fifty day moving average price of $6.42 and a 200-day moving average price of $8.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market cap of $238.85 million, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. Landsea Homes Co. has a one year low of $5.41 and a one year high of $14.04.

Landsea Homes Profile

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.