Legacy Housing (NASDAQ:LEGH) Trading Down 5% – Should You Sell?

Legacy Housing Co. (NASDAQ:LEGH) fell 5% on Tuesday . The company traded as low as $25.80 and last traded at $26.41. 54,283 shares were traded during mid-day trading, a decline of 30% from the average session volume of 77,517 shares. The stock had previously closed at $27.79.

Legacy Housing Stock Down 2.2 %

The firm has a market capitalization of $642.12 million, a PE ratio of 12.25 and a beta of 1.09. The firm’s 50 day moving average price is $25.25 and its two-hundred day moving average price is $25.99.

Insider Buying and Selling at Legacy Housing

In other news, Director Curtis Drew Hodgson sold 17,300 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.20, for a total transaction of $435,960.00. Following the completion of the transaction, the director now directly owns 439,322 shares in the company, valued at approximately $11,070,914.40. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 106,152 shares of company stock valued at $2,680,332 in the last ninety days. Insiders own 30.60% of the company’s stock.

Hedge Funds Weigh In On Legacy Housing

Institutional investors and hedge funds have recently made changes to their positions in the business. Aquatic Capital Management LLC bought a new position in shares of Legacy Housing during the fourth quarter worth about $33,000. KLP Kapitalforvaltning AS bought a new position in shares of Legacy Housing during the fourth quarter worth about $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Legacy Housing in the 3rd quarter worth approximately $85,000. SG Americas Securities LLC bought a new stake in shares of Legacy Housing in the 3rd quarter valued at approximately $121,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company’s stock valued at $148,000 after acquiring an additional 543 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.