89,032 Shares in Legacy Housing Corporation (NASDAQ:LEGH) Bought by Bfsg LLC

Bfsg LLC acquired a new stake in shares of Legacy Housing Corporation (NASDAQ:LEGH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 89,032 shares of the company's stock, valued at approximately $2,245,000. Bfsg LLC owned 0.37% of Legacy Housing as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in shares of Legacy Housing in the fourth quarter worth approximately $33,000. KLP Kapitalforvaltning AS purchased a new position in Legacy Housing during the fourth quarter worth approximately $49,000. GAMMA Investing LLC boosted its holdings in shares of Legacy Housing by 6,650.0% in the 1st quarter. GAMMA Investing LLC now owns 2,295 shares of the company's stock valued at $58,000 after purchasing an additional 2,261 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Legacy Housing by 22.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock valued at $162,000 after buying an additional 1,195 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Legacy Housing by 18.5% during the 4th quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock worth $171,000 after buying an additional 1,081 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Legacy Housing Stock Up 1.7%

Shares of NASDAQ LEGH traded up $0.37 on Friday, hitting $21.98. The company had a trading volume of 166,098 shares, compared to its average volume of 70,589. The firm has a market capitalization of $530.16 million, a P/E ratio of 9.60 and a beta of 0.85. Legacy Housing Corporation has a 12-month low of $21.58 and a 12-month high of $29.31. The business has a 50 day moving average of $23.39 and a two-hundred day moving average of $24.56.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.16). The company had revenue of $35.70 million during the quarter, compared to analyst estimates of $44.13 million. Legacy Housing had a net margin of 32.15% and a return on equity of 11.71%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LEGH. B. Riley initiated coverage on Legacy Housing in a report on Friday, May 16th. They issued a "neutral" rating and a $26.00 target price on the stock. Wall Street Zen upgraded Legacy Housing from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.

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.