Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 17,300 Shares of Stock

by · The Cerbat Gem

Legacy Housing Co. (NASDAQ:LEGH – Get Free Report) Chairman Curtis Drew Hodgson sold 17,300 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $25.20, for a total value of $435,960.00. Following the completion of the transaction, the chairman now owns 560,041 shares in the company, valued at approximately $14,113,033.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The shares were sold at an average price of $27.02, for a total value of $35,126.00.
  • On Monday, October 14th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $26.42, for a total transaction of $457,066.00.
  • On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total transaction of $241,158.60.
  • On Wednesday, October 9th, Curtis Drew Hodgson sold 5,288 shares of Legacy Housing stock. The stock was sold at an average price of $26.29, for a total transaction of $139,021.52.
  • On Monday, October 7th, Curtis Drew Hodgson sold 499 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total transaction of $13,108.73.
  • On Monday, September 30th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $27.27, for a total value of $471,771.00.
  • On Friday, September 27th, Curtis Drew Hodgson sold 1,311 shares of Legacy Housing stock. The stock was sold at an average price of $27.71, for a total value of $36,327.81.
  • On Monday, September 23rd, Curtis Drew Hodgson sold 14,420 shares of Legacy Housing stock. The shares were sold at an average price of $27.96, for a total value of $403,183.20.
  • On Monday, September 16th, Curtis Drew Hodgson sold 11,442 shares of Legacy Housing stock. The stock was sold at an average price of $28.01, for a total transaction of $320,490.42.
  • On Monday, September 9th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $25.65, for a total transaction of $443,745.00.

Legacy Housing Stock Performance

LEGH traded up $0.03 during trading on Tuesday, hitting $25.60. The stock had a trading volume of 27,135 shares, compared to its average volume of 65,193. The firm has a market capitalization of $622.49 million, a P/E ratio of 12.06 and a beta of 1.08. The company’s 50-day moving average price is $26.76 and its 200 day moving average price is $24.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 4.39. Legacy Housing Co. has a twelve month low of $17.67 and a twelve month high of $29.31.

Legacy Housing (NASDAQ:LEGH – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. The firm had revenue of $42.50 million during the quarter, compared to analysts’ expectations of $46.35 million. During the same period in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts forecast that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on LEGH. Wedbush reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Legacy Housing in a report on Friday, August 9th. B. Riley reaffirmed a “neutral” rating and set a $29.00 price objective (up from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th.

Check Out Our Latest Stock Report on Legacy Housing

Institutional Trading of Legacy Housing

Hedge funds have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Legacy Housing during the second quarter worth $28,000. EntryPoint Capital LLC purchased a new stake in shares of Legacy Housing during the 1st quarter worth $45,000. SG Americas Securities LLC purchased a new stake in shares of Legacy Housing during the 3rd quarter worth $121,000. BNP Paribas Financial Markets boosted its position in shares of Legacy Housing by 79.0% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after purchasing an additional 2,520 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Legacy Housing during the 1st quarter worth $245,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Company Profile

(Get Free Report)

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.

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