Legacy Housing (NASDAQ:LEGH) Sees Large Volume Increase – What’s Next?

Legacy Housing Co. (NASDAQ:LEGH) saw an uptick in trading volume on Tuesday . 159,463 shares traded hands during mid-day trading, an increase of 155% from the previous session’s volume of 62,571 shares.The stock last traded at $27.15 and had previously closed at $27.30.

Legacy Housing Stock Up 1.3 %

The stock has a market capitalization of $667.98 million, a PE ratio of 12.74 and a beta of 1.09. The stock’s 50 day moving average price is $24.91 and its 200-day moving average price is $25.97.

Insider Buying and Selling at Legacy Housing

In other news, Chairman Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock in a transaction on Monday, November 25th. The stock was sold at an average price of $26.53, for a total value of $458,969.00. Following the transaction, the chairman now directly owns 491,222 shares in the company, valued at approximately $13,032,119.66. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 123,952 shares of company stock valued at $3,137,319. Company insiders own 30.60% of the company’s stock.

Institutional Investors Weigh In On Legacy Housing

A number of hedge funds and other institutional investors have recently bought and sold shares of LEGH. KLP Kapitalforvaltning AS acquired a new stake in shares of Legacy Housing in the 4th quarter worth $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Legacy Housing during the 3rd quarter valued at approximately $85,000. SG Americas Securities LLC purchased a new stake in Legacy Housing in the third quarter valued at $121,000. JPMorgan Chase & Co. raised its stake in shares of Legacy Housing by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company’s stock valued at $148,000 after buying an additional 543 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Legacy Housing by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after buying an additional 848 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.