Insider Selling: Legacy Housing Corp (NASDAQ:LEGH) CEO Sells $51,452.86 in Stock

Share on StockTwits

Legacy Housing Corp (NASDAQ:LEGH) CEO Kenneth E. Shipley sold 4,001 shares of Legacy Housing stock in a transaction on Friday, June 21st. The stock was sold at an average price of $12.86, for a total transaction of $51,452.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

LEGH stock opened at $12.34 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 2.83. The stock’s fifty day moving average is $12.59. Legacy Housing Corp has a one year low of $8.93 and a one year high of $14.99. The company has a market capitalization of $304.34 million and a PE ratio of 11.53.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings data on Monday, May 13th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. The company had revenue of $37.95 million for the quarter, compared to the consensus estimate of $38.75 million. Research analysts expect that Legacy Housing Corp will post 1.11 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Philadelphia Financial Management of San Francisco LLC bought a new position in Legacy Housing during the fourth quarter worth $1,850,000. Perritt Capital Management Inc. bought a new position in Legacy Housing during the fourth quarter worth $1,813,000. Victory Capital Management Inc. acquired a new stake in shares of Legacy Housing during the fourth quarter worth $1,750,000. Boston Partners acquired a new stake in shares of Legacy Housing during the fourth quarter worth $1,095,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Legacy Housing during the first quarter worth $313,000. 15.66% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have commented on LEGH. Zacks Investment Research raised shares of Legacy Housing from a “sell” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, June 12th. B. Riley reduced their price objective on shares of Legacy Housing from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th.

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.

Featured Story: Diversification For Individual Investors

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.



Latest News

Analysts Expect Cimpress NV  Will Post Quarterly Sales of $631.58 Million
Analysts Expect Cimpress NV Will Post Quarterly Sales of $631.58 Million
$205.25 Million in Sales Expected for Kilroy Realty Corp  This Quarter
$205.25 Million in Sales Expected for Kilroy Realty Corp This Quarter
Crystal Clear  Price Hits $0.0024
Crystal Clear Price Hits $0.0024
$791.09 Million in Sales Expected for Tempur Sealy International Inc  This Quarter
$791.09 Million in Sales Expected for Tempur Sealy International Inc This Quarter
WisdomTree CBOE S&P 500 PutWrite Strategy Fund  Stock Price Down 0.1%
WisdomTree CBOE S&P 500 PutWrite Strategy Fund Stock Price Down 0.1%
Brokerages Anticipate Citrix Systems, Inc.  Will Post Quarterly Sales of $714.22 Million
Brokerages Anticipate Citrix Systems, Inc. Will Post Quarterly Sales of $714.22 Million


 
© 2006-2019 Zolmax.