Peregrine Capital Management LLC Invests $2.89 Million in Landsea Homes Co. (NASDAQ:LSEA)

Peregrine Capital Management LLC purchased a new stake in shares of Landsea Homes Co. (NASDAQ:LSEA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 340,388 shares of the company’s stock, valued at approximately $2,890,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Gladius Capital Management LP purchased a new position in Landsea Homes in the third quarter valued at about $32,000. Quarry LP bought a new stake in shares of Landsea Homes in the 3rd quarter worth approximately $44,000. SG Americas Securities LLC lifted its stake 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 last quarter. Virtu Financial LLC bought a new position in Landsea Homes during the third quarter valued at $167,000. Finally, Centiva Capital LP purchased a new stake in Landsea Homes in the third quarter worth $170,000. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LSEA shares. B. Riley reaffirmed a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th. Barclays cut their target price on shares of Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th.

Landsea Homes Price Performance

Landsea Homes stock opened at $8.27 on Thursday. The firm has a market capitalization of $299.85 million, a P/E ratio of 11.48, a PEG ratio of 0.46 and a beta of 1.19. Landsea Homes Co. has a one year low of $7.58 and a one year high of $14.91. 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 business has a fifty day moving average price of $8.43 and a 200-day moving average price of $10.44.

Insiders Place Their Bets

In other Landsea Homes news, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total value of $36,543,474.25. Following the sale, the insider now directly owns 534,783 shares in the company, valued at $5,481,525.75. This represents a 86.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ming Tian sold 2,521,740 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the transaction, the director now owns 6,543,411 shares of the company’s stock, valued at $67,069,962.75. This trade represents a 27.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 51.00% of the stock is owned by corporate insiders.

About Landsea Homes

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.