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In a recent filing with the Securities and Exchange Commission, Robert deRose, a ten percent owner of Legacy Education Inc. (NASDAQ:LGCY), reported the acquisition of 2,000 shares of common stock. The shares were purchased at a price of $8.29 each, totaling approximately $16,580. Following this transaction, deRose, along with Susan deRose, holds significant ownership through various trusts and individual accounts. The timing appears strategic, as InvestingPro data shows LGCY has delivered an impressive 105% return over the past six months, with revenue growing at 33% year-over-year.
The shares are primarily held by the Robert D. deRose & Susan deRose Family Trust, with additional holdings in individual retirement accounts for both Robert and Susan deRose. The couple, acting as co-trustees, manages these assets, which include shares owned by the Allison M. deRose Trust.
This insider purchase reflects the ongoing interest and investment by key stakeholders in Legacy Education, a company incorporated in Nevada and operating in the educational services sector. The company maintains strong fundamentals with a healthy current ratio of 2.46 and more cash than debt on its balance sheet.
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