Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $153,600.00 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 6,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $25.60, for a total value of $153,600.00. Following the sale, the chairman now owns 508,522 shares in the company, valued at $13,018,163.20. This represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 18th, Curtis Drew Hodgson sold 11,300 shares of Legacy Housing stock. The stock was sold at an average price of $25.64, for a total value of $289,732.00.
• 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 11th, Curtis Drew Hodgson sold 16,268 shares of Legacy Housing stock. The shares were sold at an average price of $27.52, for a total value of $447,695.36.
• 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 value 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 value 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 value 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 shares were sold at an average price of $26.29, for a total value 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.

Legacy Housing Stock Performance

LEGH stock opened at $25.78 on Friday. The stock’s 50 day simple moving average is $26.54 and its 200 day simple moving average is $25.35. Legacy Housing Co. has a fifty-two week low of $19.42 and a fifty-two week high of $29.31. The company has a market cap of $622.84 million, a P/E ratio of 11.88 and a beta of 1.09.

Analyst Upgrades and Downgrades

LEGH has been the topic of several research analyst reports. B. Riley restated a “neutral” rating and set a $29.00 target price (up previously from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush restated an “outperform” rating and set a $29.00 target price on shares of Legacy Housing in a research report on Friday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Legacy Housing in the second quarter worth approximately $28,000. EntryPoint Capital LLC bought a new position in Legacy Housing during the first quarter valued at $45,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Legacy Housing in the third quarter valued at $85,000. SG Americas Securities LLC purchased a new position in shares of Legacy Housing in the third quarter valued at $121,000. Finally, BNP Paribas Financial Markets grew its position in shares of Legacy Housing by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after purchasing an additional 848 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.