Legacy Housing (NASDAQ:LEGH) Sees Large Volume Increase – Time to Buy?

Legacy Housing Co. (NASDAQ:LEGH) shares saw unusually-high trading volume on Friday . Approximately 69,458 shares traded hands during trading, a decline of 20% from the previous session’s volume of 86,485 shares.The stock last traded at $25.36 and had previously closed at $25.00.

Legacy Housing Trading Down 1.3 %

The stock has a fifty day simple moving average of $25.28 and a 200-day simple moving average of $25.93. The company has a market capitalization of $603.73 million, a PE ratio of 11.48 and a beta of 1.16.

Insiders Place Their Bets

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 17,300 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.42, for a total value of $439,766.00. Following the transaction, the chairman now directly owns 456,622 shares in the company, valued at approximately $11,607,331.24. This represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 71,552 shares of company stock worth $1,772,255. 30.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Voss Capital LP boosted its holdings in Legacy Housing by 8.7% in the fourth quarter. Voss Capital LP now owns 928,599 shares of the company’s stock valued at $22,918,000 after acquiring an additional 74,087 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Legacy Housing by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 713,928 shares of the company’s stock valued at $17,619,000 after acquiring an additional 48,268 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Legacy Housing by 14.9% during the fourth quarter. Vanguard Group Inc. now owns 623,287 shares of the company’s stock worth $15,383,000 after purchasing an additional 80,982 shares during the last quarter. Advisory Research Inc. grew its position in shares of Legacy Housing by 34.0% in the 4th quarter. Advisory Research Inc. now owns 472,935 shares of the company’s stock worth $11,672,000 after acquiring an additional 120,000 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Legacy Housing by 2.8% in the fourth quarter. Ameriprise Financial Inc. now owns 427,619 shares of the company’s stock worth $10,554,000 after purchasing an additional 11,612 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.