Black Maple Capital Management LP Buys Shares of 46,464 Landsea Homes Co. (NASDAQ:LSEA)

Black Maple Capital Management LP purchased a new position in shares of Landsea Homes Co. (NASDAQ:LSEA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,464 shares of the company’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC lifted its holdings in Landsea Homes by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 57,393 shares of the company’s stock worth $709,000 after buying an additional 16,408 shares in the last quarter. Barclays PLC increased its position in shares of Landsea Homes by 87.0% during the third quarter. Barclays PLC now owns 209,290 shares of the company’s stock worth $2,585,000 after acquiring an additional 97,391 shares during the period. Geode Capital Management LLC raised its stake in shares of Landsea Homes by 13.1% in the third quarter. Geode Capital Management LLC now owns 431,314 shares of the company’s stock valued at $5,328,000 after acquiring an additional 49,830 shares in the last quarter. Virtu Financial LLC purchased a new position in Landsea Homes in the third quarter valued at $167,000. Finally, SG Americas Securities LLC boosted its holdings in Landsea Homes by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 13,175 shares of the company’s stock valued at $112,000 after purchasing an additional 3,080 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Stock Performance

NASDAQ:LSEA opened at $6.19 on Friday. Landsea Homes Co. has a 12 month low of $5.41 and a 12 month high of $14.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market capitalization of $224.88 million, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.45 and a beta of 1.46. The business’s fifty day moving average price is $6.52 and its 200 day moving average price is $8.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LSEA shares. Wedbush reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Landsea Homes in a research report on Wednesday, March 5th. Barclays reduced their target price on shares of Landsea Homes from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th.

Landsea Homes Company 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.