Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $40,126.18 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 2,078 shares of the business’s stock in a transaction dated Friday, May 21st. The shares were sold at an average price of $19.31, for a total transaction of $40,126.18. Following the transaction, the chairman now directly owns 2,485,375 shares in the company, valued at approximately $47,992,591.25. The sale was disclosed in a legal filing with the SEC, 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 transaction 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 transaction of $1,152,315.54.
  • On Saturday, May 29th, Curtis Drew Hodgson sold 2,495 shares of Legacy Housing stock. The shares were sold at an average price of $18.95, for a total transaction of $47,280.25.
  • 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 transaction 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 transaction of $260,186.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $178,000.00.

Shares of NASDAQ:LEGH opened at $18.75 on Friday. 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 stock has a market capitalization of $453.81 million, a price-to-earnings ratio of 12.34 and a beta of 1.11. The stock’s 50-day simple moving average is $18.71. Legacy Housing Co. has a 1 year low of $12.00 and a 1 year high of $20.18.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings results on Sunday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. Legacy Housing had a net margin of 20.50% and a return on equity of 14.39%. As a group, equities analysts forecast that Legacy Housing Co. will post 1.82 earnings per share for the current fiscal year.

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

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of Legacy Housing by 34.4% during the first quarter. BNP Paribas Arbitrage SA now owns 2,679 shares of the company’s stock worth $47,000 after buying an additional 686 shares in the last quarter. Redmond Asset Management LLC boosted its holdings in Legacy Housing by 1.5% in the fourth quarter. Redmond Asset Management LLC now owns 49,327 shares of the company’s stock valued at $745,000 after purchasing an additional 732 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Legacy Housing by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 13,780 shares of the company’s stock valued at $209,000 after purchasing an additional 824 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Legacy Housing by 849.5% in the fourth quarter. Lazard Asset Management LLC now owns 1,937 shares of the company’s stock valued at $29,000 after purchasing an additional 1,733 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Legacy Housing by 7.1% in the first quarter. JPMorgan Chase & Co. now owns 27,638 shares of the company’s stock valued at $490,000 after purchasing an additional 1,833 shares in the last quarter. 18.88% of the stock is owned by institutional investors and hedge funds.

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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