Legacy Housing Co. (NASDAQ:LEGH) Position Decreased by Redmond Asset Management LLC

Redmond Asset Management LLC cut its position in shares of Legacy Housing Co. (NASDAQ:LEGH) by 59.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,537 shares of the company’s stock after selling 51,261 shares during the quarter. Redmond Asset Management LLC’s holdings in Legacy Housing were worth $877,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Legacy Housing by 17.8% in the third quarter. Geode Capital Management LLC now owns 269,325 shares of the company’s stock worth $7,367,000 after purchasing an additional 40,729 shares in the last quarter. State Street Corp grew its stake in shares of Legacy Housing by 5.9% in the third quarter. State Street Corp now owns 207,972 shares of the company’s stock worth $5,688,000 after acquiring an additional 11,599 shares during the last quarter. Bard Associates Inc. grew its stake in shares of Legacy Housing by 0.7% in the third quarter. Bard Associates Inc. now owns 197,414 shares of the company’s stock worth $5,399,000 after acquiring an additional 1,450 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Legacy Housing by 141.3% during the third quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock valued at $4,876,000 after acquiring an additional 104,386 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Legacy Housing during the third quarter valued at $3,211,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Legacy Housing Stock Down 3.0 %

Legacy Housing stock opened at $25.79 on Friday. The stock has a 50-day simple moving average of $25.25 and a 200 day simple moving average of $25.99. Legacy Housing Co. has a 12-month low of $19.42 and a 12-month high of $29.31. The stock has a market capitalization of $622.99 million, a price-to-earnings ratio of 11.88 and a beta of 1.09.

Insiders Place Their Bets

In other news, Director Curtis Drew Hodgson sold 9,184 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $24.53, for a total transaction of $225,283.52. Following the completion of the transaction, the director now directly owns 412,838 shares in the company, valued at approximately $10,126,916.14. The trade was a 2.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 106,152 shares of company stock valued at $2,680,332. 30.60% of the stock is currently owned by insiders.

Legacy Housing Company 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.