Kenneth E. Shipley Sells 879 Shares of Legacy Housing Corp (NASDAQ:LEGH) Stock

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Legacy Housing Corp (NASDAQ:LEGH) CEO Kenneth E. Shipley sold 879 shares of Legacy Housing stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $12.85, for a total value of $11,295.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of LEGH opened at $12.85 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.83 and a quick ratio of 1.09. The company has a 50-day moving average price of $12.72. Legacy Housing Corp has a one year low of $8.93 and a one year high of $14.99.

Legacy Housing (NASDAQ:LEGH) last issued its earnings results on Monday, May 13th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $37.95 million during the quarter, compared to analyst estimates of $38.75 million. On average, sell-side analysts forecast that Legacy Housing Corp will post 1.11 earnings per share for the current fiscal year.

Several research firms have recently weighed in on LEGH. Zacks Investment Research raised Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, June 12th. B. Riley reissued a “neutral” rating on shares of New York Community Bancorp in a research report on Wednesday, April 10th.

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in shares of Legacy Housing in the 1st quarter valued at about $46,000. Northern Trust Corp acquired a new stake in shares of Legacy Housing in the 4th quarter valued at about $123,000. Spark Investment Management LLC acquired a new stake in shares of Legacy Housing in the 1st quarter valued at about $210,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Legacy Housing in the 1st quarter valued at about $313,000. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Legacy Housing in the 4th quarter valued at about $1,850,000. Institutional investors own 15.66% of the company’s stock.

Legacy Housing Company Profile

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.

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