Royce & Associates LP Decreases Holdings in Legacy Housing Co. (NASDAQ:LEGH)

Royce & Associates LP decreased its holdings in Legacy Housing Co. (NASDAQ:LEGH) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 424,036 shares of the company’s stock after selling 5,000 shares during the period. Royce & Associates LP owned approximately 1.74% of Legacy Housing worth $11,597,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LEGH. Innealta Capital LLC purchased a new stake in Legacy Housing during the 2nd quarter valued at $28,000. EntryPoint Capital LLC bought a new position in Legacy Housing in the first quarter worth $45,000. SG Americas Securities LLC bought a new stake in shares of Legacy Housing during the 3rd quarter valued at $121,000. BNP Paribas Financial Markets grew its position in shares of Legacy Housing by 79.0% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after buying an additional 2,520 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Legacy Housing in the 1st quarter worth about $245,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Activity

In other news, Chairman Curtis Drew Hodgson sold 13,387 shares of Legacy Housing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $27.73, for a total transaction of $371,221.51. Following the transaction, the chairman now directly owns 684,486 shares of the company’s stock, valued at $18,980,796.78. The trade was a 1.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 167,795 shares of company stock valued at $4,477,603 in the last quarter. 30.60% of the stock is currently owned by insiders.

Legacy Housing Trading Down 0.0 %

Shares of LEGH opened at $25.89 on Friday. The firm has a market cap of $625.50 million, a PE ratio of 11.93 and a beta of 1.09. Legacy Housing Co. has a 1-year low of $19.42 and a 1-year high of $29.31. The firm has a fifty day simple moving average of $26.69 and a two-hundred day simple moving average of $25.19.

Analyst Ratings Changes

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

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.