Legacy Housing Co. (NASDAQ:LEGH - Get Free Report) traded down 5% during mid-day trading on Tuesday . The stock traded as low as $25.80 and last traded at $26.41. 54,283 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 77,517 shares. The stock had previously closed at $27.79.
Legacy Housing Price Performance
The firm has a market capitalization of $622.99 million, a price-to-earnings ratio of 11.88 and a beta of 1.09. The firm has a 50 day moving average price of $25.25 and a 200-day moving average price of $25.99.
Insider Activity
In other news, Director Curtis Drew Hodgson sold 9,184 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $24.53, for a total value of $225,283.52. Following the sale, the director now directly owns 412,838 shares in the company, valued at approximately $10,126,916.14. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 106,152 shares of company stock worth $2,680,332. Corporate insiders own 30.60% of the company's stock.
Institutional Trading of Legacy Housing
Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC increased its holdings in Legacy Housing by 139.1% in the fourth quarter. Squarepoint Ops LLC now owns 33,604 shares of the company's stock valued at $829,000 after buying an additional 19,550 shares during the last quarter. CastleKnight Management LP increased its holdings in Legacy Housing by 48.9% in the fourth quarter. CastleKnight Management LP now owns 53,300 shares of the company's stock valued at $1,315,000 after buying an additional 17,500 shares during the last quarter. Bank of America Corp DE increased its holdings in Legacy Housing by 46.0% in the fourth quarter. Bank of America Corp DE now owns 14,747 shares of the company's stock valued at $364,000 after buying an additional 4,648 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Legacy Housing by 42.6% in the fourth quarter. BNP Paribas Financial Markets now owns 7,985 shares of the company's stock valued at $197,000 after buying an additional 2,385 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Legacy Housing by 2.8% in the fourth quarter. Ameriprise Financial Inc. now owns 427,619 shares of the company's stock valued at $10,554,000 after buying an additional 11,612 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Legacy Housing Company Profile
(
Get Free Report)
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.
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