Legacy Housing (NASDAQ:LEGH) Shares Down 2.3% – What’s Next?

Shares of Legacy Housing Co. (NASDAQ:LEGH) traded down 2.3% on Friday . The company traded as low as $25.11 and last traded at $24.84. 6,460 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 71,220 shares. The stock had previously closed at $25.41.

Legacy Housing Trading Up 2.3 %

The company has a fifty day moving average of $25.33 and a two-hundred day moving average of $25.87. The stock has a market capitalization of $627.87 million, a price-to-earnings ratio of 11.98 and a beta of 1.16.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $54.19 million for the quarter, compared to analyst estimates of $44.59 million. Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%.

Insider Activity at Legacy Housing

In related news, Director Curtis Drew Hodgson sold 17,300 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.20, for a total transaction of $435,960.00. Following the completion of the transaction, the director now owns 439,322 shares in the company, valued at $11,070,914.40. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 54,252 shares of company stock worth $1,332,489 over the last three months. Company insiders own 30.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC bought a new stake in shares of Legacy Housing in the 4th quarter worth about $33,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Legacy Housing during the fourth quarter worth approximately $49,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Legacy Housing in the third quarter valued at approximately $85,000. JPMorgan Chase & Co. boosted its holdings in shares of Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company’s stock worth $148,000 after acquiring an additional 543 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Legacy Housing by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after purchasing an additional 848 shares in the last quarter. 89.35% of the stock is currently 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.