Peregrine Capital Management LLC Purchases Shares of 340,388 Landsea Homes Co. (NASDAQ:LSEA)

Peregrine Capital Management LLC acquired a new position in Landsea Homes Co. (NASDAQ:LSEA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 340,388 shares of the company's stock, valued at approximately $2,890,000. Peregrine Capital Management LLC owned about 0.94% of Landsea Homes as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted 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 valued at $2,585,000 after purchasing an additional 97,391 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Landsea Homes by 20.8% during the third quarter. Wellington Management Group LLP now owns 694,900 shares of the company's stock valued at $8,582,000 after purchasing an additional 119,500 shares in the last quarter. Mill Road Capital Management LLC boosted its position in shares of Landsea Homes by 18.2% during the third quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company's stock valued at $11,274,000 after purchasing an additional 140,786 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Landsea Homes by 88.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 93,526 shares of the company's stock valued at $794,000 after purchasing an additional 43,909 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Landsea Homes during the third quarter valued at $890,000. 82.99% of the stock is currently owned by institutional investors.

Landsea Homes Stock Down 2.1 %

Shares of LSEA stock traded down $0.18 during mid-day trading on Friday, hitting $8.22. The company's stock had a trading volume of 205,649 shares, compared to its average volume of 231,268. Landsea Homes Co. has a 52-week low of $7.58 and a 52-week high of $14.91. The business has a 50-day moving average price of $8.36 and a 200 day moving average price of $10.39. 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 $298.22 million, a price-to-earnings ratio of 11.42, a PEG ratio of 0.45 and a beta of 1.19.

Insider Transactions at Landsea Homes

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

Analysts Set New Price Targets

LSEA has been the subject of a number of recent research reports. B. Riley reiterated a "buy" rating and set a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th. Barclays lowered their price objective on Landsea Homes from $12.00 to $9.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th.

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.