Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 2,495 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 2,495 shares of the business’s stock in a transaction on Saturday, May 29th. The stock was sold at an average price of $18.95, for a total value of $47,280.25. Following the completion of the transaction, the chairman now directly owns 2,485,375 shares in the company, valued at approximately $47,097,856.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, June 7th, Curtis Drew Hodgson sold 20,000 shares of Legacy Housing stock. The shares were sold at an average price of $19.39, for a total value of $387,800.00.
  • On Tuesday, June 1st, Curtis Drew Hodgson sold 61,326 shares of Legacy Housing stock. The shares were sold at an average price of $18.79, for a total value of $1,152,315.54.
  • On Wednesday, May 26th, Curtis Drew Hodgson sold 24,447 shares of Legacy Housing stock. The shares were sold at an average price of $18.98, for a total value of $464,004.06.
  • On Monday, May 24th, Curtis Drew Hodgson sold 13,694 shares of Legacy Housing stock. The shares were sold at an average price of $19.00, for a total value of $260,186.00.
  • On Friday, May 21st, Curtis Drew Hodgson sold 2,078 shares of Legacy Housing stock. The shares were sold at an average price of $19.31, for a total value of $40,126.18.
  • On Wednesday, May 19th, Curtis Drew Hodgson sold 2,747 shares of Legacy Housing stock. The shares were sold at an average price of $19.30, for a total value of $53,017.10.
  • On Monday, May 17th, Curtis Drew Hodgson sold 500 shares of Legacy Housing stock. The shares were sold at an average price of $19.60, for a total value of $9,800.00.
  • On Thursday, May 13th, Curtis Drew Hodgson sold 14,696 shares of Legacy Housing stock. The shares were sold at an average price of $19.39, for a total value of $284,955.44.
  • On Monday, May 10th, Curtis Drew Hodgson sold 13,956 shares of Legacy Housing stock. The shares were sold at an average price of $19.60, for a total value of $273,537.60.
  • On Monday, May 3rd, Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock. The shares were sold at an average price of $17.80, for a total value of $178,000.00.

Shares of NASDAQ LEGH opened at $18.75 on Friday. The company has a market cap of $453.81 million, a price-to-earnings ratio of 12.34 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 0.80. The business has a 50-day simple moving average of $18.71. Legacy Housing Co. has a twelve month low of $12.00 and a twelve month high of $20.18.

Legacy Housing (NASDAQ:LEGH) last announced its earnings results on Sunday, May 9th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Legacy Housing had a return on equity of 14.39% and a net margin of 20.50%. On average, sell-side analysts expect that Legacy Housing Co. will post 1.82 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. TheStreet lowered Legacy Housing from a “b-” rating to a “c” rating in a research note on Monday, April 5th. B. Riley boosted their price objective on Legacy Housing from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, May 13th. Finally, Zacks Investment Research upgraded Legacy Housing from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, March 25th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Legacy Housing by 34.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,679 shares of the company’s stock worth $47,000 after purchasing an additional 686 shares in the last quarter. Redmond Asset Management LLC boosted its holdings in shares of Legacy Housing by 1.5% in the 4th quarter. Redmond Asset Management LLC now owns 49,327 shares of the company’s stock worth $745,000 after purchasing an additional 732 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Legacy Housing by 6.4% in the 4th quarter. Wells Fargo & Company MN now owns 13,780 shares of the company’s stock worth $209,000 after purchasing an additional 824 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Legacy Housing by 849.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,937 shares of the company’s stock worth $29,000 after purchasing an additional 1,733 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Legacy Housing by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 27,638 shares of the company’s stock worth $490,000 after purchasing an additional 1,833 shares in the last quarter. Hedge funds and other institutional investors own 18.88% of the company’s 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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Insider Buying and Selling by Quarter for Legacy Housing (NASDAQ:LEGH)

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