Insider Selling: Legacy Housing Corp (NASDAQ:LEGH) Major Shareholder Sells 990 Shares of Stock

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Legacy Housing Corp (NASDAQ:LEGH) major shareholder William G. Shipley sold 990 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $12.85, for a total transaction of $12,721.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

LEGH opened at $12.85 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.83 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $12.72. Legacy Housing Corp has a 1 year low of $8.93 and a 1 year high of $14.99.

Legacy Housing (NASDAQ:LEGH) last posted its earnings results on Monday, May 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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. As a group, equities research analysts forecast that Legacy Housing Corp will post 1.11 earnings per share for the current fiscal year.

LEGH has been the subject of several analyst reports. B. Riley reiterated a “neutral” rating on shares of New York Community Bancorp in a research note on Wednesday, April 10th. Zacks Investment Research upgraded shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Wednesday, June 12th.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. bought a new position in shares of Legacy Housing during the first quarter valued at about $46,000. Spark Investment Management LLC bought a new position in shares of Legacy Housing during the first quarter valued at about $210,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Legacy Housing during the first quarter valued at about $313,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Legacy Housing during the fourth quarter valued at about $1,850,000. Finally, Northern Trust Corp bought a new position in shares of Legacy Housing during the fourth quarter valued at about $123,000. Hedge funds and other 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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Insider Buying and Selling by Quarter for Legacy Housing (NASDAQ:LEGH)

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