Virtu Financial LLC Makes New $167,000 Investment in Landsea Homes Co. (NASDAQ:LSEA)

Virtu Financial LLC acquired a new stake in Landsea Homes Co. (NASDAQ:LSEA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,521 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC purchased a new position in Landsea Homes during the second quarter valued at approximately $28,000. Rhumbline Advisers increased its holdings in shares of Landsea Homes by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock valued at $191,000 after purchasing an additional 862 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Landsea Homes by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 232,997 shares of the company’s stock valued at $2,141,000 after purchasing an additional 4,494 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Landsea Homes by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company’s stock worth $9,658,000 after buying an additional 24,157 shares in the last quarter. Finally, First Washington CORP grew its position in Landsea Homes by 2.1% during the second quarter. First Washington CORP now owns 668,971 shares of the company’s stock valued at $6,148,000 after buying an additional 13,485 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Landsea Homes Price Performance

Landsea Homes stock opened at $8.90 on Thursday. The stock has a market capitalization of $322.92 million, a P/E ratio of 12.36, a P/E/G ratio of 0.74 and a beta of 1.15. The company’s fifty day moving average price is $11.00 and its 200 day moving average price is $11.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. Landsea Homes Co. has a 1 year low of $8.28 and a 1 year high of $14.91.

Insider Buying and Selling at Landsea Homes

In related news, major shareholder Huaijun Chen sold 3,565,217 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $36,543,474.25. Following the completion of the transaction, the insider now 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hartfield sold 6,986 shares of Landsea Homes stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $11.15, for a total value of $77,893.90. Following the completion of the sale, the director now owns 67,181 shares in the company, valued at approximately $749,068.15. The trade was a 9.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,943 shares of company stock valued at $62,522,303 over the last ninety days. Corporate insiders own 51.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley reiterated a “buy” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th.

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.