Robert Duncan Bates Buys 1,000 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGHGet Rating) CEO Robert Duncan Bates acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were purchased at an average price of $16.86 per share, for a total transaction of $16,860.00. Following the purchase, the chief executive officer now directly owns 16,775 shares of the company’s stock, valued at $282,826.50. The transaction was disclosed in a filing with the SEC, which is available through this link.

Legacy Housing Price Performance

Shares of NASDAQ LEGH opened at $17.17 on Monday. The firm has a market capitalization of $419.05 million, a PE ratio of 6.92 and a beta of 0.87. Legacy Housing Co. has a 1-year low of $11.96 and a 1-year high of $28.84. The business’s fifty day moving average price is $17.20 and its two-hundred day moving average price is $16.11.

Legacy Housing (NASDAQ:LEGHGet Rating) last issued its quarterly earnings data on Monday, September 12th. The company reported $0.65 earnings per share for the quarter. The firm had revenue of $59.93 million for the quarter. Legacy Housing had a net margin of 26.40% and a return on equity of 18.33%. Equities research analysts expect that Legacy Housing Co. will post 2.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TheStreet upgraded Legacy Housing from a “c+” rating to a “b” rating in a research note on Wednesday, August 31st. EF Hutton Acquisition Co. I assumed coverage on shares of Legacy Housing in a research report on Monday, August 8th. They issued a “buy” rating and a $25.00 price target on the stock. Lake Street Capital boosted their price objective on shares of Legacy Housing from $34.00 to $36.00 in a research report on Monday, September 26th. Finally, B. Riley raised their target price on shares of Legacy Housing from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, September 14th.

Institutional Investors Weigh In On Legacy Housing

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SNC grew its holdings in Legacy Housing by 54.8% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,183 shares of the company’s stock worth $72,000 after buying an additional 1,480 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Legacy Housing by 1.5% in the third quarter. Two Sigma Advisers LP now owns 41,600 shares of the company’s stock worth $713,000 after purchasing an additional 600 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Legacy Housing by 258.7% in the third quarter. Marshall Wace LLP now owns 56,909 shares of the company’s stock worth $976,000 after purchasing an additional 41,044 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Legacy Housing by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 48,258 shares of the company’s stock valued at $827,000 after purchasing an additional 3,064 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Legacy Housing during the third quarter valued at about $662,000. Institutional investors own 21.34% of the company’s stock.

About Legacy Housing

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Legacy Housing (NASDAQ:LEGH)

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