Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 1,749 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH – Get Rating) Chairman Curtis Drew Hodgson sold 1,749 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $20.32, for a total value of $35,539.68. Following the completion of the transaction, the chairman now owns 1,681,837 shares of the company’s stock, valued at $34,174,927.84. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, January 9th, Curtis Drew Hodgson sold 17,907 shares of Legacy Housing stock. The shares were sold at an average price of $18.84, for a total value of $337,367.88.
• On Tuesday, January 3rd, Curtis Drew Hodgson sold 14,568 shares of Legacy Housing stock. The shares were sold at an average price of $18.67, for a total value of $271,984.56.
• On Thursday, December 1st, Curtis Drew Hodgson sold 1,920 shares of Legacy Housing stock. The shares were sold at an average price of $17.65, for a total value of $33,888.00.
• On Monday, November 28th, Curtis Drew Hodgson sold 3,102 shares of Legacy Housing stock. The shares were sold at an average price of $17.78, for a total value of $55,153.56.
• On Monday, November 21st, Curtis Drew Hodgson sold 14,812 shares of Legacy Housing stock. The shares were sold at an average price of $16.88, for a total value of $250,026.56.
• On Monday, November 14th, Curtis Drew Hodgson sold 14,812 shares of Legacy Housing stock. The shares were sold at an average price of $17.06, for a total value of $252,692.72.
• On Wednesday, November 9th, Curtis Drew Hodgson sold 14,116 shares of Legacy Housing stock. The shares were sold at an average price of $17.24, for a total value of $243,359.84.
• On Monday, November 7th, Curtis Drew Hodgson sold 696 shares of Legacy Housing stock. The shares were sold at an average price of $17.25, for a total value of $12,006.00.
• On Monday, October 31st, Curtis Drew Hodgson sold 14,812 shares of Legacy Housing stock. The shares were sold at an average price of $18.26, for a total value of $270,467.12.

Legacy Housing Price Performance

LEGH opened at $19.44 on Friday. Legacy Housing Co. has a one year low of $11.96 and a one year high of $27.79. The business has a 50 day simple moving average of $18.35 and a two-hundred day simple moving average of $17.04. The firm has a market capitalization of $474.45 million, a price-to-earnings ratio of 7.84 and a beta of 0.78.

Legacy Housing (NASDAQ:LEGH – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Legacy Housing had a return on equity of 18.33% and a net margin of 26.40%. The firm had revenue of $57.33 million for the quarter, compared to the consensus estimate of $54.42 million. As a group, sell-side analysts expect that Legacy Housing Co. will post 2.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price target on Legacy Housing from $34.00 to $36.00 in a research report on Monday, September 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Legacy Housing by 6.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 48,258 shares of the company’s stock worth $827,000 after acquiring an additional 3,064 shares during the period. Capital Impact Advisors LLC grew its holdings in shares of Legacy Housing by 48.8% during the 3rd quarter. Capital Impact Advisors LLC now owns 2,439 shares of the company’s stock worth $41,000 after acquiring an additional 800 shares during the period. BNP Paribas Arbitrage SNC grew its holdings in shares of Legacy Housing by 54.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,183 shares of the company’s stock worth $72,000 after acquiring an additional 1,480 shares during the period. Two Sigma Advisers LP grew its stake in shares of Legacy Housing by 1.5% in the 3rd quarter. Two Sigma Advisers LP now owns 41,600 shares of the company’s stock worth $713,000 after buying an additional 600 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Legacy Housing by 258.7% in the 3rd quarter. Marshall Wace LLP now owns 56,909 shares of the company’s stock worth $976,000 after buying an additional 41,044 shares during the last quarter. Hedge funds and other institutional investors own 21.57% of the company’s stock.

About Legacy Housing

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Legacy Housing Corp. engages in the selling, building, and financing manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured home communities. Its products include tiny homes, singlewide, doublewide, the ultimate home, oilfield/workforce, and park housing.