Legacy Housing (NASDAQ:LEGH) Sees Strong Trading Volume – Here’s What Happened

Legacy Housing Co. (NASDAQ:LEGH) saw an uptick in trading volume on Friday . 69,458 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 86,485 shares.The stock last traded at $25.36 and had previously closed at $25.00.

Legacy Housing Price Performance

The business’s 50 day moving average is $25.28 and its 200-day moving average is $25.92. The company has a market cap of $604.67 million, a PE ratio of 11.53 and a beta of 1.16.

Insider Buying and Selling

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 17,300 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.42, for a total transaction of $439,766.00. Following the sale, the chairman now owns 456,622 shares of the company’s stock, valued at approximately $11,607,331.24. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 71,552 shares of company stock worth $1,772,255 over the last 90 days. 30.60% of the stock is owned by insiders.

Institutional Trading of Legacy Housing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEGH. Aquatic Capital Management LLC acquired a new stake in Legacy Housing during the fourth quarter worth approximately $33,000. KLP Kapitalforvaltning AS acquired a new position in shares of Legacy Housing in the 4th quarter valued at $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Legacy Housing in the 3rd quarter valued at $85,000. JPMorgan Chase & Co. increased its holdings in shares of Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company’s stock valued at $148,000 after acquiring an additional 543 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Legacy Housing by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after acquiring an additional 848 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Company Profile

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.