Curtis Drew Hodgson Sells 11,300 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 11,300 shares of Legacy Housing stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $25.64, for a total value of $289,732.00. Following the sale, the chairman now directly owns 514,522 shares of the company’s stock, valued at $13,192,344.08. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, November 21st, Curtis Drew Hodgson sold 6,000 shares of Legacy Housing stock. The stock was sold at an average price of $25.60, for a total transaction of $153,600.00.
• On Wednesday, November 13th, Curtis Drew Hodgson sold 500 shares of Legacy Housing stock. The shares were sold at an average price of $27.31, for a total value of $13,655.00.
• On Monday, November 11th, Curtis Drew Hodgson sold 16,268 shares of Legacy Housing stock. The stock was sold at an average price of $27.52, for a total value of $447,695.36.
• On Monday, November 4th, Curtis Drew Hodgson sold 7,700 shares of Legacy Housing stock. The shares were sold at an average price of $25.57, for a total transaction of $196,889.00.
• On Monday, October 28th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.20, for a total transaction of $435,960.00.
• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The stock was sold at an average price of $27.02, for a total transaction of $35,126.00.
• On Monday, October 14th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $26.42, for a total value of $457,066.00.
• On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total value of $241,158.60.
• On Wednesday, October 9th, Curtis Drew Hodgson sold 5,288 shares of Legacy Housing stock. The stock was sold at an average price of $26.29, for a total value of $139,021.52.
• On Monday, October 7th, Curtis Drew Hodgson sold 499 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total transaction of $13,108.73.

Legacy Housing Stock Performance

NASDAQ:LEGH opened at $25.61 on Friday. The stock has a 50 day moving average price of $26.62 and a 200 day moving average price of $25.31. The stock has a market cap of $618.74 million, a PE ratio of 11.80 and a beta of 1.09. Legacy Housing Co. has a one year low of $19.42 and a one year high of $29.31.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LEGH. B. Riley reiterated a “neutral” rating and issued a $29.00 target price (up previously from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush reissued an “outperform” rating and issued a $29.00 price target on shares of Legacy Housing in a research note on Friday, August 9th.

Institutional Trading of Legacy Housing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Legacy Housing in the second quarter valued at approximately $28,000. EntryPoint Capital LLC acquired a new stake in shares of Legacy Housing during the 1st quarter worth about $45,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Legacy Housing in the third quarter valued at about $85,000. SG Americas Securities LLC acquired a new stake in shares of Legacy Housing during the third quarter valued at about $121,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Legacy Housing by 79.0% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock valued at $123,000 after acquiring an additional 2,520 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Company 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.