Teton Advisors Inc. grew its stake in shares of Legacy Housing Corp (NASDAQ:LEGH) by 21.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,500 shares of the company’s stock after purchasing an additional 8,700 shares during the quarter. Teton Advisors Inc.’s holdings in Legacy Housing were worth $616,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. purchased a new stake in Legacy Housing in the first quarter valued at approximately $46,000. Northern Trust Corp acquired a new position in Legacy Housing in the 4th quarter valued at $123,000. Spark Investment Management LLC acquired a new stake in shares of Legacy Housing in the 1st quarter worth $210,000. Finally, Gabelli Funds LLC increased its stake in shares of Legacy Housing by 22.2% in the 2nd quarter. Gabelli Funds LLC now owns 20,400 shares of the company’s stock worth $254,000 after acquiring an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 19.14% of the company’s stock.
Shares of NASDAQ LEGH traded down $0.22 on Monday, hitting $12.72. The company had a trading volume of 725 shares, compared to its average volume of 25,130. Legacy Housing Corp has a 12-month low of $8.93 and a 12-month high of $14.99. The business has a 50 day moving average of $12.68 and a two-hundred day moving average of $12.72. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $313.49 million and a P/E ratio of 11.96.
Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $45.76 million for the quarter, compared to analyst estimates of $42.84 million. On average, sell-side analysts anticipate that Legacy Housing Corp will post 1.22 earnings per share for the current year.
In other Legacy Housing news, major shareholder William G. Shipley sold 4,000 shares of Legacy Housing stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $12.87, for a total transaction of $51,480.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder William G. Shipley sold 18,502 shares of Legacy Housing stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $13.03, for a total value of $241,081.06. The disclosure for this sale can be found here. Insiders sold 235,345 shares of company stock valued at $3,057,088 in the last 90 days.
A number of equities research analysts have issued reports on the company. Oak Ridge Finl. reaffirmed a “buy” rating on shares of Legacy Housing in a research report on Thursday. Zacks Investment Research upgraded Legacy Housing from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Saturday.
About Legacy Housing
Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.
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