Legacy Housing Corp (NASDAQ:LEGH) Major Shareholder Sells $60,376.12 in Stock

Legacy Housing Corp (NASDAQ:LEGH) major shareholder William G. Shipley sold 3,941 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $15.32, for a total transaction of $60,376.12. Following the transaction, the insider now owns 3,241,306 shares of the company’s stock, valued at approximately $49,656,807.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of LEGH stock traded up $0.01 during trading hours on Friday, hitting $15.09. 205 shares of the company were exchanged, compared to its average volume of 42,125. The firm has a market cap of $372.78 million and a P/E ratio of 14.09. Legacy Housing Corp has a fifty-two week low of $8.93 and a fifty-two week high of $17.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.75 and a current ratio of 1.57. The company has a 50 day simple moving average of $15.79 and a two-hundred day simple moving average of $14.64.

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

Several hedge funds have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Legacy Housing by 64.2% during the 3rd quarter. Barclays PLC now owns 5,109 shares of the company’s stock worth $83,000 after buying an additional 1,997 shares during the period. California State Teachers Retirement System grew its position in shares of Legacy Housing by 25.0% during the 3rd quarter. California State Teachers Retirement System now owns 8,993 shares of the company’s stock worth $146,000 after buying an additional 1,800 shares during the period. State Street Corp grew its position in shares of Legacy Housing by 49.0% during the 3rd quarter. State Street Corp now owns 85,373 shares of the company’s stock worth $1,383,000 after buying an additional 28,064 shares during the period. Monarch Partners Asset Management LLC grew its position in shares of Legacy Housing by 30.4% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 68,881 shares of the company’s stock worth $1,116,000 after buying an additional 16,040 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Legacy Housing during the 3rd quarter worth approximately $218,000. 16.60% of the stock is owned by institutional investors.

Several research firms have issued reports on LEGH. Lake Street Capital began coverage on shares of Legacy Housing in a report on Tuesday, September 17th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Legacy Housing from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. ValuEngine lowered shares of Legacy Housing from a “hold” rating to a “sell” rating in a report on Tuesday, December 17th. Finally, B. Riley began coverage on shares of Legacy Housing in a report on Friday, November 15th. They set a “buy” rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.00.

Legacy Housing Company Profile

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.

Read More: Risk Tolerance

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

Receive News & Ratings for Legacy Housing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legacy Housing and related companies with MarketBeat.com's FREE daily email newsletter.