Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 499 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 499 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $26.27, for a total value of $13,108.73. Following the completion of the transaction, the chairman now owns 612,742 shares of the company’s stock, valued at $16,096,732.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 30th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $27.27, for a total value of $471,771.00.
• On Friday, September 27th, Curtis Drew Hodgson sold 1,311 shares of Legacy Housing stock. The stock was sold at an average price of $27.71, for a total value of $36,327.81.
• On Monday, September 23rd, Curtis Drew Hodgson sold 14,420 shares of Legacy Housing stock. The shares were sold at an average price of $27.96, for a total value of $403,183.20.
• On Monday, September 16th, Curtis Drew Hodgson sold 11,442 shares of Legacy Housing stock. The shares were sold at an average price of $28.01, for a total transaction of $320,490.42.
• On Monday, September 9th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $25.65, for a total transaction of $443,745.00.
• On Monday, August 26th, Curtis Drew Hodgson sold 13,387 shares of Legacy Housing stock. The shares were sold at an average price of $27.73, for a total transaction of $371,221.51.
• On Monday, August 19th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $26.08, for a total transaction of $451,184.00.

Legacy Housing Stock Performance

Shares of NASDAQ LEGH traded down $0.06 during mid-day trading on Tuesday, reaching $26.15. 38,359 shares of the company were exchanged, compared to its average volume of 66,942. The stock has a market capitalization of $635.86 million, a P/E ratio of 12.33 and a beta of 1.08. The company has a quick ratio of 3.41, a current ratio of 4.39 and a debt-to-equity ratio of 0.03. The company’s 50-day simple moving average is $26.78 and its 200-day simple moving average is $24.12. Legacy Housing Co. has a twelve month low of $17.67 and a twelve month high of $29.31.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. The firm had revenue of $42.50 million during the quarter, compared to the consensus estimate of $46.35 million. During the same period last year, the business posted $0.60 earnings per share. As a group, research analysts predict that Legacy Housing Co. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating and set a $29.00 price target on shares of Legacy Housing in a research report on Friday, August 9th. B. Riley reissued a “neutral” rating and set a $29.00 target price (up from $25.00) on shares of Legacy Housing in a report on Monday, August 12th.

Institutional Trading of Legacy Housing

Several institutional investors have recently added to or reduced their stakes in LEGH. Innealta Capital LLC bought a new position in Legacy Housing during the 2nd quarter worth $28,000. EntryPoint Capital LLC acquired a new position in shares of Legacy Housing in the first quarter valued at about $45,000. SG Americas Securities LLC bought a new position in Legacy Housing during the third quarter worth about $121,000. BNP Paribas Financial Markets increased its position in Legacy Housing by 79.0% during the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after acquiring an additional 2,520 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Legacy Housing in the 1st quarter worth about $245,000. 89.35% of the stock is currently owned by institutional investors.

About Legacy Housing

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.