Insider Selling: Legacy Housing Corp (NASDAQ:LEGH) Chairman Sells 9,942 Shares of Stock

Legacy Housing Corp (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 9,942 shares of Legacy Housing stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $15.32, for a total transaction of $152,311.44. Following the completion of the transaction, the chairman now owns 2,690,734 shares of the company’s stock, valued at approximately $41,222,044.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Curtis Drew Hodgson also recently made the following trade(s):

  • On Friday, November 22nd, Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00.
  • On Tuesday, November 19th, Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock. The stock was sold at an average price of $16.08, for a total transaction of $160,800.00.
  • On Friday, October 25th, Curtis Drew Hodgson sold 6,924 shares of Legacy Housing stock. The shares were sold at an average price of $16.39, for a total transaction of $113,484.36.
  • On Friday, October 11th, Curtis Drew Hodgson sold 1,919 shares of Legacy Housing stock. The shares were sold at an average price of $15.75, for a total transaction of $30,224.25.
  • On Friday, September 27th, Curtis Drew Hodgson sold 1,600,000 shares of Legacy Housing stock. The stock was sold at an average price of $14.33, for a total value of $22,928,000.00.

LEGH stock traded up $0.05 during mid-day trading on Tuesday, hitting $15.35. 815 shares of the stock were exchanged, compared to its average volume of 26,334. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.57 and a quick ratio of 0.75. The stock has a market capitalization of $396.06 million and a price-to-earnings ratio of 14.35. The business has a fifty day moving average price of $15.54 and a 200 day moving average price of $14.05. Legacy Housing Corp has a 12 month low of $8.93 and a 12 month high of $17.40.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings data on Friday, November 15th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.07). Legacy Housing had a return on equity of 12.12% and a net margin of 15.45%. The business had revenue of $41.94 million during the quarter, compared to the consensus estimate of $44.22 million. As a group, equities analysts forecast that Legacy Housing Corp will post 1.13 EPS for the current fiscal year.

LEGH has been the subject of a number of analyst reports. B. Riley began coverage on Legacy Housing in a report on Friday, November 15th. They issued a “buy” rating and a $18.00 price target for the company. Zacks Investment Research cut Legacy Housing from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Lake Street Capital started coverage on shares of Legacy Housing in a research note on Tuesday, September 17th. They set a “buy” rating for the company. Finally, Oak Ridge Finl. reaffirmed a “buy” rating on shares of Legacy Housing in a report on Thursday, August 15th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners boosted its stake in Legacy Housing by 166.4% in the second quarter. Boston Partners now owns 203,258 shares of the company’s stock valued at $2,531,000 after acquiring an additional 126,958 shares in the last quarter. Royal Bank of Canada acquired a new stake in Legacy Housing in the 2nd quarter valued at $640,000. BlackRock Inc. increased its holdings in Legacy Housing by 31.4% in the 2nd quarter. BlackRock Inc. now owns 266,888 shares of the company’s stock worth $3,322,000 after acquiring an additional 63,750 shares in the last quarter. Vanguard Group Inc. raised its position in Legacy Housing by 10.9% during the second quarter. Vanguard Group Inc. now owns 237,459 shares of the company’s stock worth $2,956,000 after acquiring an additional 23,332 shares during the period. Finally, Monarch Partners Asset Management LLC raised its position in Legacy Housing by 30.4% during the third quarter. Monarch Partners Asset Management LLC now owns 68,881 shares of the company’s stock worth $1,116,000 after acquiring an additional 16,040 shares during the period. Institutional investors and hedge funds own 16.68% of the company’s stock.

About Legacy Housing

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.

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Insider Buying and Selling by Quarter for Legacy Housing (NASDAQ:LEGH)

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