Legacy Housing Co. (NASDAQ:LEGH) Shares Sold by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. decreased its holdings in shares of Legacy Housing Co. (NASDAQ:LEGH) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,885 shares of the company’s stock after selling 2,614 shares during the quarter. Legacy Housing makes up about 2.7% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 7th biggest holding. Meixler Investment Management Ltd. owned 0.52% of Legacy Housing worth $3,200,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. AWH Capital L.P. lifted its stake in Legacy Housing by 71.3% in the third quarter. AWH Capital L.P. now owns 225,000 shares of the company’s stock valued at $4,367,000 after acquiring an additional 93,630 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Legacy Housing during the 4th quarter worth about $1,872,000. Voss Capital LLC lifted its stake in shares of Legacy Housing by 6.4% during the 4th quarter. Voss Capital LLC now owns 830,000 shares of the company’s stock worth $20,933,000 after buying an additional 50,000 shares during the last quarter. Premier Path Wealth Partners LLC acquired a new stake in shares of Legacy Housing during the 4th quarter worth about $1,220,000. Finally, Punch & Associates Investment Management Inc. lifted its stake in shares of Legacy Housing by 8.0% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 612,765 shares of the company’s stock worth $11,894,000 after buying an additional 45,159 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Stock Performance

NASDAQ:LEGH traded up $0.22 during mid-day trading on Friday, reaching $20.30. 38,292 shares of the company’s stock were exchanged, compared to its average volume of 76,160. Legacy Housing Co. has a one year low of $17.67 and a one year high of $26.50. The firm has a market capitalization of $495.32 million, a PE ratio of 9.35 and a beta of 0.94. The business’s fifty day simple moving average is $22.42 and its two-hundred day simple moving average is $22.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.00 and a current ratio of 2.89.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings results on Friday, March 15th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). Legacy Housing had a return on equity of 12.99% and a net margin of 28.79%. The business had revenue of $33.71 million for the quarter, compared to the consensus estimate of $60.66 million. Analysts anticipate that Legacy Housing Co. will post 1.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Legacy Housing news, Director Jeffrey Kyle Stouder purchased 5,050 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $19.90 per share, with a total value of $100,495.00. Following the completion of the transaction, the director now owns 11,025 shares in the company, valued at $219,397.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jeffrey Kyle Stouder bought 5,050 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $19.90 per share, with a total value of $100,495.00. Following the acquisition, the director now directly owns 11,025 shares in the company, valued at $219,397.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Curtis Drew Hodgson sold 17,400 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.57, for a total transaction of $444,918.00. Following the completion of the transaction, the chairman now directly owns 784,773 shares in the company, valued at $20,066,645.61. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,575 shares of company stock valued at $3,652,775. 32.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Wedbush cut their target price on shares of Legacy Housing from $31.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th.

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.