Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $447,695.36 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 16,268 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.52, for a total value of $447,695.36. Following the transaction, the chairman now owns 526,473 shares of the company’s stock, valued at approximately $14,488,536.96. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, November 13th, Curtis Drew Hodgson sold 500 shares of Legacy Housing stock. The stock was sold at an average price of $27.31, for a total value of $13,655.00.
• On Monday, November 4th, Curtis Drew Hodgson sold 7,700 shares of Legacy Housing stock. The shares were sold at an average price of $25.57, for a total transaction of $196,889.00.
• On Monday, October 28th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.20, for a total value of $435,960.00.
• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The shares were sold at an average price of $27.02, for a total transaction of $35,126.00.
• On Monday, October 14th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $26.42, for a total transaction of $457,066.00.
• On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total value of $241,158.60.
• On Wednesday, October 9th, Curtis Drew Hodgson sold 5,288 shares of Legacy Housing stock. The stock was sold at an average price of $26.29, for a total transaction of $139,021.52.
• On Monday, October 7th, Curtis Drew Hodgson sold 499 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total value of $13,108.73.
• 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 transaction of $36,327.81.

Legacy Housing Trading Down 0.0 %

Shares of NASDAQ:LEGH opened at $25.89 on Friday. Legacy Housing Co. has a twelve month low of $19.42 and a twelve month high of $29.31. The company has a market cap of $625.50 million, a PE ratio of 11.93 and a beta of 1.09. The company’s 50 day moving average is $26.69 and its 200 day moving average is $25.15.

Institutional Trading of Legacy Housing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in Legacy Housing by 79.0% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock valued at $123,000 after acquiring an additional 2,520 shares during the period. Empowered Funds LLC grew its position in shares of Legacy Housing by 5.0% in the first quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock valued at $794,000 after purchasing an additional 1,767 shares during the period. Vanguard Group Inc. increased its stake in shares of Legacy Housing by 5.2% during the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after purchasing an additional 21,995 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Legacy Housing during the 1st quarter worth about $45,000. Finally, Quadrature Capital Ltd purchased a new position in Legacy Housing in the 1st quarter valued at about $245,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LEGH shares. 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 reiterated 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.

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.