Koss Olinger Consulting LLC Purchases Shares of 26,075 Legacy Housing Corporation (NASDAQ:LEGH)

Key Points

• Koss Olinger Consulting LLC invested approximately $658,000 in Legacy Housing Corporation (NASDAQ:LEGH) by purchasing 26,075 shares in the 1st quarter.
• Legacy Housing reported $0.60 earnings per share for the last quarter, exceeding analysts' expectations of $0.55, with revenue of $50.20 million.
• A significant 89.35% of Legacy Housing's stock is owned by institutional investors, reflecting strong interest from hedge funds and asset managers.

Koss Olinger Consulting LLC bought a new stake in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,075 shares of the company's stock, valued at approximately $658,000. Koss Olinger Consulting LLC owned about 0.11% of Legacy Housing as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voss Capital LP lifted its holdings in shares of Legacy Housing by 8.7% in the fourth quarter. Voss Capital LP now owns 928,599 shares of the company's stock worth $22,918,000 after buying an additional 74,087 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Legacy Housing by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 713,928 shares of the company's stock valued at $17,619,000 after purchasing an additional 48,268 shares during the last quarter. GW&K Investment Management LLC grew its stake in Legacy Housing by 2.0% in the 1st quarter. GW&K Investment Management LLC now owns 686,414 shares of the company's stock worth $17,311,000 after buying an additional 13,720 shares in the last quarter. Vanguard Group Inc. increased its stake in Legacy Housing by 14.9% in the fourth quarter. Vanguard Group Inc. now owns 623,287 shares of the company's stock valued at $15,383,000 after acquiring an additional 80,982 shares during the last quarter. Finally, Advisory Research Inc. boosted its stake in Legacy Housing by 34.0% in the fourth quarter. Advisory Research Inc. now owns 472,935 shares of the company's stock worth $11,672,000 after buying an additional 120,000 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Legacy Housing from a "sell" rating to a "hold" rating in a research note on Monday, June 30th. B. Riley started coverage on Legacy Housing in a research note on Friday, May 16th. They set a "neutral" rating and a $26.00 price objective for the company.

Legacy Housing Price Performance

LEGH stock traded down $0.41 on Thursday, reaching $26.57. 24,279 shares of the company traded hands, compared to its average volume of 80,697. The firm has a fifty day simple moving average of $22.96 and a 200-day simple moving average of $24.17. The company has a market cap of $634.11 million, a P/E ratio of 11.85 and a beta of 0.86. Legacy Housing Corporation has a one year low of $21.58 and a one year high of $29.25.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $50.20 million for the quarter, compared to analysts' expectations of $43.53 million. Legacy Housing had a net margin of 30.00% and a return on equity of 11.11%.

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.