Teton Advisors Inc. boosted its position in shares of Legacy Housing Corp (NASDAQ:LEGH) by 21.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,500 shares of the company’s stock after buying an additional 8,700 shares during the quarter. Teton Advisors Inc. owned approximately 0.20% of Legacy Housing worth $616,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Marshall Wace North America L.P. bought a new position in Legacy Housing in the 1st quarter worth $46,000. Northern Trust Corp bought a new position in shares of Legacy Housing in the 4th quarter worth about $123,000. Spark Investment Management LLC bought a new position in shares of Legacy Housing in the 1st quarter worth about $210,000. Finally, Gabelli Funds LLC increased its stake in shares of Legacy Housing by 22.2% in the 2nd quarter. Gabelli Funds LLC now owns 20,400 shares of the company’s stock worth $254,000 after acquiring an additional 3,700 shares in the last quarter. Institutional investors own 19.14% of the company’s stock.
LEGH stock traded down $0.22 during trading on Monday, hitting $12.72. 725 shares of the stock traded hands, compared to its average volume of 25,130. Legacy Housing Corp has a 1 year low of $8.93 and a 1 year high of $14.99. The firm’s 50 day moving average is $12.68 and its two-hundred day moving average is $12.72. The stock has a market cap of $313.49 million and a price-to-earnings ratio of 11.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.09.
Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $45.76 million for the quarter, compared to analysts’ expectations of $42.84 million. As a group, analysts anticipate that Legacy Housing Corp will post 1.22 EPS for the current fiscal year.
LEGH has been the subject of several research reports. Oak Ridge Finl. reiterated a “buy” rating on shares of Legacy Housing in a research note on Thursday. Zacks Investment Research upgraded shares of Legacy Housing from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Saturday.
In related news, CEO Kenneth E. Shipley sold 4,001 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $12.86, for a total transaction of $51,452.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder William G. Shipley sold 4,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $12.87, for a total transaction of $51,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 235,345 shares of company stock worth $3,057,088 over the last three months.
About Legacy Housing
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.
Further Reading: Average Daily Trade Volume – ADTV
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