Redmond Asset Management LLC Sells 51,261 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Redmond Asset Management LLC reduced its position in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 59.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,537 shares of the company's stock after selling 51,261 shares during the quarter. Redmond Asset Management LLC owned 0.15% of Legacy Housing worth $877,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. raised its holdings in shares of Legacy Housing by 0.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 107,440 shares of the company's stock valued at $2,652,000 after purchasing an additional 541 shares during the period. Exchange Traded Concepts LLC increased its position in Legacy Housing by 9.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company's stock worth $289,000 after buying an additional 1,030 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Legacy Housing by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock valued at $148,000 after buying an additional 543 shares during the period. Barclays PLC lifted its position in shares of Legacy Housing by 294.1% in the third quarter. Barclays PLC now owns 17,338 shares of the company's stock valued at $474,000 after buying an additional 12,939 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Legacy Housing by 17.8% during the 3rd quarter. Geode Capital Management LLC now owns 269,325 shares of the company's stock worth $7,367,000 after acquiring an additional 40,729 shares during the period. Institutional investors and hedge funds own 89.35% of the company's stock.

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Insider Activity

In related news, Chairman Curtis Drew Hodgson sold 17,300 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $25.42, for a total value of $439,766.00. Following the completion of the sale, the chairman now directly owns 456,622 shares in the company, valued at $11,607,331.24. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 88,852 shares of company stock valued at $2,221,363 over the last ninety days. 30.60% of the stock is currently owned by company insiders.

Legacy Housing Stock Performance

LEGH traded down $0.65 during trading hours on Wednesday, reaching $25.07. The company's stock had a trading volume of 78,884 shares, compared to its average volume of 87,675. The company's 50-day moving average is $25.28 and its 200-day moving average is $25.98. Legacy Housing Co. has a 52 week low of $19.42 and a 52 week high of $29.31. The firm has a market cap of $605.64 million, a PE ratio of 11.55 and a beta of 1.09.

Legacy Housing 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.