SG Americas Securities LLC Makes New $143,000 Investment in Legacy Housing Co. (NASDAQ:LEGH)

SG Americas Securities LLC bought a new stake in shares of Legacy Housing Co. (NASDAQ:LEGH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,659 shares of the company’s stock, valued at approximately $143,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LEGH. Qube Research & Technologies Ltd bought a new stake in Legacy Housing during the 3rd quarter valued at approximately $27,000. BNP Paribas Arbitrage SA raised its stake in Legacy Housing by 102.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the company’s stock valued at $35,000 after purchasing an additional 1,368 shares during the period. Barclays PLC raised its stake in Legacy Housing by 264.8% during the 4th quarter. Barclays PLC now owns 2,349 shares of the company’s stock valued at $45,000 after purchasing an additional 1,705 shares during the period. UBS Group AG raised its stake in Legacy Housing by 681.7% during the 4th quarter. UBS Group AG now owns 2,736 shares of the company’s stock valued at $52,000 after purchasing an additional 2,386 shares during the period. Finally, BNP Paribas Arbitrage SNC raised its stake in Legacy Housing by 54.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,183 shares of the company’s stock valued at $72,000 after purchasing an additional 1,480 shares during the period. Institutional investors own 89.35% of the company’s stock.

Legacy Housing Stock Performance

NASDAQ LEGH opened at $19.92 on Wednesday. The stock has a market capitalization of $486.05 million, a PE ratio of 9.18 and a beta of 0.94. The business has a 50 day simple moving average of $23.37 and a two-hundred day simple moving average of $22.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.89 and a quick ratio of 2.00. Legacy Housing Co. has a 1-year low of $17.67 and a 1-year high of $26.50.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings data on Friday, March 15th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). Legacy Housing had a net margin of 28.79% and a return on equity of 12.99%. The firm had revenue of $33.71 million for the quarter, compared to the consensus estimate of $60.66 million. On average, research analysts predict that Legacy Housing Co. will post 1.72 EPS for the current fiscal year.

Insider Transactions at Legacy Housing

In related news, Director Jeffrey Kyle Stouder purchased 5,050 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of $19.90 per share, for a total transaction of $100,495.00. Following the completion of the acquisition, the director now owns 11,025 shares in the company, valued at approximately $219,397.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Legacy Housing news, Director Jeffrey Kyle Stouder bought 5,050 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $19.90 per share, for a total transaction of $100,495.00. Following the acquisition, the director now directly owns 11,025 shares in the company, valued at $219,397.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Curtis Drew Hodgson sold 11,975 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $25.10, for a total transaction of $300,572.50. Following the transaction, the chairman now owns 720,598 shares in the company, valued at $18,087,009.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,975 shares of company stock worth $4,058,021. Insiders own 32.20% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush decreased their target price on Legacy Housing from $31.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th.

About Legacy Housing

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.