Legacy Housing Corp (NASDAQ:LEGH) major shareholder Douglas M. Shipley sold 5,113 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $12.88, for a total transaction of $65,855.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Legacy Housing stock opened at $12.68 on Friday. The firm has a market cap of $315.71 million and a PE ratio of 11.85. The company has a quick ratio of 1.09, a current ratio of 2.83 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $12.71. Legacy Housing Corp has a 12-month low of $8.93 and a 12-month high of $14.99.
Legacy Housing (NASDAQ:LEGH) last announced its earnings results on Monday, May 13th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $37.95 million for the quarter, compared to analyst estimates of $38.75 million. On average, equities analysts predict that Legacy Housing Corp will post 1.11 EPS for the current year.
A number of brokerages have recently issued reports on LEGH. B. Riley restated a “neutral” rating on shares of New York Community Bancorp in a research note on Wednesday, April 10th. Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday.
A number of large investors have recently modified their holdings of LEGH. Marshall Wace North America L.P. bought a new stake in Legacy Housing during the 1st quarter worth about $46,000. Northern Trust Corp bought a new stake in Legacy Housing during the 4th quarter worth about $123,000. Spark Investment Management LLC bought a new stake in Legacy Housing during the 1st quarter worth about $210,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Legacy Housing in the 1st quarter valued at about $313,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Legacy Housing in the 4th quarter valued at about $1,850,000. 15.66% of the stock is currently 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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