5,659 Shares in Legacy Housing Co. (NASDAQ:LEGH) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Legacy Housing Co. (NASDAQ:LEGH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,659 shares of the company’s stock, valued at approximately $143,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in Legacy Housing by 25.1% during the third quarter. American Century Companies Inc. now owns 128,468 shares of the company’s stock worth $2,494,000 after purchasing an additional 25,775 shares during the period. Deutsche Bank AG boosted its position in Legacy Housing by 22.9% during the third quarter. Deutsche Bank AG now owns 5,045 shares of the company’s stock worth $98,000 after purchasing an additional 940 shares during the period. Ameriprise Financial Inc. boosted its position in Legacy Housing by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 376,075 shares of the company’s stock worth $7,300,000 after purchasing an additional 1,429 shares during the period. AWH Capital L.P. boosted its position in Legacy Housing by 71.3% during the third quarter. AWH Capital L.P. now owns 225,000 shares of the company’s stock worth $4,367,000 after purchasing an additional 93,630 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Legacy Housing by 582.9% during the third quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the company’s stock worth $87,000 after purchasing an additional 3,847 shares during the period. 89.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Legacy Housing news, Director Jeffrey Kyle Stouder bought 5,050 shares of the stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $19.90 per share, with a total value of $100,495.00. Following the completion of the purchase, the director now owns 11,025 shares in the company, valued at $219,397.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Jeffrey Kyle Stouder acquired 5,050 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $19.90 per share, with a total value of $100,495.00. Following the completion of the purchase, the director now directly owns 11,025 shares of the company’s stock, valued at approximately $219,397.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Curtis Drew Hodgson sold 17,400 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $23.29, for a total value of $405,246.00. Following the completion of the transaction, the chairman now directly owns 836,973 shares of the company’s stock, valued at approximately $19,493,101.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,975 shares of company stock valued at $4,058,021. 32.20% of the stock is currently owned by corporate insiders.

Legacy Housing Trading Down 1.0 %

Shares of Legacy Housing stock opened at $19.92 on Wednesday. The firm has a 50-day moving average of $23.37 and a 200-day moving average of $22.46. The stock has a market cap of $486.05 million, a PE ratio of 9.18 and a beta of 0.94. Legacy Housing Co. has a 52-week low of $17.67 and a 52-week high of $26.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.00 and a current ratio of 2.89.

Legacy Housing (NASDAQ:LEGH) last announced its earnings results on Friday, March 15th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). The business had revenue of $33.71 million during the quarter, compared to the consensus estimate of $60.66 million. Legacy Housing had a net margin of 28.79% and a return on equity of 12.99%. As a group, sell-side analysts forecast that Legacy Housing Co. will post 1.72 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wedbush reduced their price objective on shares of Legacy Housing from $31.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th.

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.