Brandywine Global Investment Management LLC Acquires 29,460 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Brandywine Global Investment Management LLC lifted its holdings in Legacy Housing Co. (NASDAQ:LEGH) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,970 shares of the company’s stock after acquiring an additional 29,460 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of Legacy Housing worth $2,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Legacy Housing by 17.8% in the 3rd quarter. Geode Capital Management LLC now owns 269,325 shares of the company’s stock valued at $7,367,000 after purchasing an additional 40,729 shares during the last quarter. Barclays PLC boosted its stake in Legacy Housing by 294.1% during the third quarter. Barclays PLC now owns 17,338 shares of the company’s stock worth $474,000 after buying an additional 12,939 shares during the period. Charles Schwab Investment Management Inc. increased its position in Legacy Housing by 193.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company’s stock valued at $2,501,000 after acquiring an additional 60,292 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 848 shares during the period. Finally, State Street Corp lifted its holdings in shares of Legacy Housing by 5.9% in the 3rd quarter. State Street Corp now owns 207,972 shares of the company’s stock worth $5,688,000 after acquiring an additional 11,599 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Transactions at Legacy Housing

In other Legacy Housing news, Director Curtis Drew Hodgson sold 10,468 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.65, for a total value of $247,568.20. Following the transaction, the director now directly owns 394,254 shares in the company, valued at $9,324,107.10. This represents a 2.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 30.60% of the company’s stock.

Legacy Housing Trading Up 0.3 %

Shares of NASDAQ:LEGH opened at $25.24 on Thursday. Legacy Housing Co. has a 12 month low of $17.11 and a 12 month high of $29.31. The company has a market capitalization of $609.02 million, a price-to-earnings ratio of 11.63 and a beta of 1.16. The firm’s 50-day moving average is $25.85 and its 200 day moving average is $25.79.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $54.19 million for the quarter, compared to the consensus estimate of $44.59 million. Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%.

Legacy Housing 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.