Curtis Drew Hodgson Sells 20,000 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 20,000 shares of the stock in a transaction on Monday, June 7th. The stock was sold at an average price of $19.39, for a total value of $387,800.00. Following the completion of the transaction, the chairman now directly owns 2,485,375 shares of the company’s stock, valued at approximately $48,191,421.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, June 1st, Curtis Drew Hodgson sold 61,326 shares of Legacy Housing stock. The stock was sold at an average price of $18.79, for a total value of $1,152,315.54.
  • On Saturday, May 29th, Curtis Drew Hodgson sold 2,495 shares of Legacy Housing stock. The stock was sold at an average price of $18.95, for a total value of $47,280.25.
  • On Wednesday, May 26th, Curtis Drew Hodgson sold 24,447 shares of Legacy Housing stock. The stock was sold at an average price of $18.98, for a total value of $464,004.06.
  • On Monday, May 24th, Curtis Drew Hodgson sold 13,694 shares of Legacy Housing stock. The stock was sold at an average price of $19.00, for a total value of $260,186.00.
  • On Friday, May 21st, Curtis Drew Hodgson sold 2,078 shares of Legacy Housing stock. The stock was sold at an average price of $19.31, for a total value of $40,126.18.
  • On Wednesday, May 19th, Curtis Drew Hodgson sold 2,747 shares of Legacy Housing stock. The stock was sold at an average price of $19.30, for a total value of $53,017.10.
  • On Monday, May 17th, Curtis Drew Hodgson sold 500 shares of Legacy Housing stock. The stock was sold at an average price of $19.60, for a total value of $9,800.00.
  • On Thursday, May 13th, Curtis Drew Hodgson sold 14,696 shares of Legacy Housing stock. The stock was sold at an average price of $19.39, for a total value 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 value 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 value of $178,000.00.

Shares of NASDAQ LEGH opened at $18.75 on Friday. Legacy Housing Co. has a 12 month low of $12.00 and a 12 month high of $20.18. The stock has a market capitalization of $453.81 million, a P/E ratio of 12.34 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.68. The company’s fifty day moving average is $18.71.

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

LEGH has been the subject of several research reports. B. Riley raised their target price on Legacy Housing from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, May 13th. Zacks Investment Research raised Legacy Housing from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, March 25th. Finally, TheStreet cut Legacy Housing from a “b-” rating to a “c” rating in a research note on Monday, April 5th.

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its stake in Legacy Housing by 849.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,937 shares of the company’s stock worth $29,000 after acquiring an additional 1,733 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Legacy Housing in the 1st quarter worth about $46,000. BNP Paribas Arbitrage SA lifted its stake in Legacy Housing by 34.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,679 shares of the company’s stock worth $47,000 after acquiring an additional 686 shares in the last quarter. Barclays PLC lifted its stake in Legacy Housing by 159.0% in the 1st quarter. Barclays PLC now owns 6,770 shares of the company’s stock worth $120,000 after acquiring an additional 4,156 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in Legacy Housing in the 4th quarter worth about $166,000. 18.88% of the stock is owned by hedge funds and other institutional investors.

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 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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