Legacy Housing Corp (NASDAQ:LEGH) CEO Kenneth E. Shipley sold 6,650 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $15.97, for a total transaction of $106,200.50.

LEGH traded down $0.02 on Wednesday, reaching $15.81. The company had a trading volume of 5 shares, compared to its average volume of 62,738. Legacy Housing Corp has a fifty-two week low of $8.93 and a fifty-two week high of $17.40. The stock has a market cap of $391.37 million and a P/E ratio of 14.83. The company’s fifty day moving average is $15.02 and its 200 day moving average is $13.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.79 and a current ratio of 1.93.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The company had revenue of $45.76 million during the quarter, compared to analyst estimates of $42.84 million. On average, sell-side analysts expect that Legacy Housing Corp will post 1.22 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners grew its stake in Legacy Housing by 166.4% in the 2nd quarter. Boston Partners now owns 203,258 shares of the company’s stock valued at $2,531,000 after buying an additional 126,958 shares during the last quarter. Royal Bank of Canada acquired a new position in shares of Legacy Housing during the 2nd quarter worth approximately $640,000. Marshall Wace LLP acquired a new position in shares of Legacy Housing during the 2nd quarter worth approximately $226,000. Gratia Capital LLC grew its position in shares of Legacy Housing by 238.1% during the 2nd quarter. Gratia Capital LLC now owns 27,048 shares of the company’s stock worth $337,000 after purchasing an additional 19,048 shares in the last quarter. Finally, Rock Creek Group LP acquired a new position in shares of Legacy Housing during the 2nd quarter worth approximately $755,000. Institutional investors and hedge funds own 16.42% of the company’s stock.

LEGH has been the topic of a number of research reports. Oak Ridge Finl. reiterated a “buy” rating on shares of Legacy Housing in a research note on Thursday, August 15th. Zacks Investment Research upgraded shares of Legacy Housing from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Saturday, August 17th. Finally, Lake Street Capital initiated coverage on shares of Legacy Housing in a research note on Tuesday, September 17th. They issued a “buy” rating on the 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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