Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 17,400 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,400 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $22.01, for a total value of $382,974.00. Following the completion of the sale, the chairman now owns 981,971 shares of the company’s stock, valued at approximately $21,613,181.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 13th, Curtis Drew Hodgson sold 5,223 shares of Legacy Housing stock. The stock was sold at an average price of $22.08, for a total transaction of $115,323.84.
• On Monday, November 6th, Curtis Drew Hodgson sold 2,466 shares of Legacy Housing stock. The stock was sold at an average price of $19.13, for a total transaction of $47,174.58.
• On Monday, October 30th, Curtis Drew Hodgson sold 17,400 shares of Legacy Housing stock. The shares were sold at an average price of $17.86, for a total transaction of $310,764.00.
• On Wednesday, October 25th, Curtis Drew Hodgson sold 5,771 shares of Legacy Housing stock. The stock was sold at an average price of $18.23, for a total value of $105,205.33.
• On Monday, October 23rd, Curtis Drew Hodgson sold 7,864 shares of Legacy Housing stock. The stock was sold at an average price of $18.38, for a total value of $144,540.32.
• On Monday, October 16th, Curtis Drew Hodgson sold 17,400 shares of Legacy Housing stock. The shares were sold at an average price of $18.70, for a total value of $325,380.00.
• On Wednesday, October 4th, Curtis Drew Hodgson sold 1,543 shares of Legacy Housing stock. The stock was sold at an average price of $19.04, for a total value of $29,378.72.
• On Monday, October 2nd, Curtis Drew Hodgson sold 977 shares of Legacy Housing stock. The stock was sold at an average price of $19.13, for a total transaction of $18,690.01.
• On Wednesday, September 27th, Curtis Drew Hodgson sold 735 shares of Legacy Housing stock. The shares were sold at an average price of $20.17, for a total transaction of $14,824.95.
• On Monday, September 25th, Curtis Drew Hodgson sold 5,229 shares of Legacy Housing stock. The shares were sold at an average price of $19.97, for a total transaction of $104,423.13.

Legacy Housing Price Performance

LEGH traded down $0.16 during trading hours on Monday, hitting $22.08. The company’s stock had a trading volume of 41,941 shares, compared to its average volume of 43,628. The business’s 50-day moving average price is $19.68 and its 200-day moving average price is $21.22. The company has a current ratio of 2.16, a quick ratio of 1.36 and a debt-to-equity ratio of 0.03. Legacy Housing Co. has a 12 month low of $16.74 and a 12 month high of $25.30. The stock has a market cap of $538.58 million, a price-to-earnings ratio of 8.21 and a beta of 0.91.

Institutional Investors Weigh In On Legacy Housing

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Legacy Housing by 28.1% in the first quarter. American Century Companies Inc. now owns 24,437 shares of the company’s stock worth $524,000 after purchasing an additional 5,363 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Legacy Housing by 30.7% in the first quarter. Dimensional Fund Advisors LP now owns 132,555 shares of the company’s stock valued at $2,845,000 after buying an additional 31,109 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Legacy Housing by 9.5% in the first quarter. Vanguard Group Inc. now owns 460,417 shares of the company’s stock worth $9,880,000 after acquiring an additional 39,993 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Legacy Housing by 44.8% during the first quarter. Renaissance Technologies LLC now owns 34,600 shares of the company’s stock worth $743,000 after acquiring an additional 10,713 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Legacy Housing by 3.2% during the first quarter. State Street Corp now owns 142,404 shares of the company’s stock valued at $3,056,000 after acquiring an additional 4,413 shares in the last quarter. Institutional investors own 27.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush started coverage on Legacy Housing in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $30.00 target price on the stock.

Legacy Housing Company Profile

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 provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.