Legacy Housing Corp (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 1,833 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $15.32, for a total value of $28,081.56. Following the transaction, the chairman now directly owns 2,690,734 shares in the company, valued at $41,222,044.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, December 9th, Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock. The stock was sold at an average price of $15.69, for a total value of $156,900.00.
  • On Monday, November 25th, Curtis Drew Hodgson sold 9,942 shares of Legacy Housing stock. The stock was sold at an average price of $15.32, for a total value of $152,311.44.
  • On Friday, November 22nd, Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock. The stock was sold at an average price of $15.47, for a total value 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 value of $160,800.00.
  • On Friday, October 25th, Curtis Drew Hodgson sold 6,924 shares of Legacy Housing stock. The stock was sold at an average price of $16.39, for a total value of $113,484.36.
  • On Friday, October 11th, Curtis Drew Hodgson sold 1,919 shares of Legacy Housing stock. The stock was sold at an average price of $15.75, for a total value 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.

Shares of NASDAQ LEGH traded up $0.09 during mid-day trading on Friday, hitting $15.05. The stock had a trading volume of 100 shares, compared to its average volume of 30,373. 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 moving average of $15.51 and a two-hundred day moving average of $14.21. Legacy Housing Corp has a twelve month low of $8.93 and a twelve month high of $17.40. The firm has a market cap of $369.81 million and a PE ratio of 14.04.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Friday, November 15th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.07). Legacy Housing had a net margin of 15.45% and a return on equity of 12.12%. The firm had revenue of $41.94 million during the quarter, compared to analyst estimates of $44.22 million. Equities research analysts predict that Legacy Housing Corp will post 1.13 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LEGH. Barclays PLC lifted its holdings in shares of Legacy Housing by 64.2% in the third quarter. Barclays PLC now owns 5,109 shares of the company’s stock valued at $83,000 after purchasing an additional 1,997 shares in the last quarter. California State Teachers Retirement System boosted its position in 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 acquiring an additional 1,800 shares during the last quarter. State Street Corp boosted its position in 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 acquiring an additional 28,064 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in 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 acquiring an additional 16,040 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Legacy Housing during the 3rd quarter worth approximately $218,000. 16.60% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on LEGH. Zacks Investment Research downgraded Legacy Housing from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Lake Street Capital began coverage on Legacy Housing in a research report on Tuesday, September 17th. They issued a “buy” rating on the stock. Oak Ridge Finl. reissued a “buy” rating on shares of Legacy Housing in a research report on Thursday, August 15th. Finally, B. Riley began coverage on Legacy Housing in a research report on Friday, November 15th. They issued a “buy” rating and a $18.00 target price on the 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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