50,000 Shares in Legacy Housing Co. (NASDAQ:LEGH) Acquired by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC purchased a new position in Legacy Housing Co. (NASDAQ:LEGH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the company's stock, valued at approximately $1,261,000. ABS Direct Equity Fund LLC owned about 0.21% of Legacy Housing at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Voss Capital LLC raised its position in shares of Legacy Housing by 6.4% in the fourth quarter. Voss Capital LLC now owns 830,000 shares of the company's stock valued at $20,933,000 after purchasing an additional 50,000 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in Legacy Housing by 8.0% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 612,765 shares of the company's stock worth $11,894,000 after acquiring an additional 45,159 shares during the period. AWH Capital L.P. lifted its position in Legacy Housing by 71.3% during the 3rd quarter. AWH Capital L.P. now owns 225,000 shares of the company's stock worth $4,367,000 after acquiring an additional 93,630 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in Legacy Housing by 16.7% during the third quarter. Meixler Investment Management Ltd. now owns 129,499 shares of the company's stock valued at $2,514,000 after acquiring an additional 18,524 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of Legacy Housing in the fourth quarter valued at about $1,872,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wedbush cut their price objective on shares of Legacy Housing from $31.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, March 19th.

Insider Buying and Selling

In related news, Director Jeffrey Kyle Stouder bought 4,900 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was bought at an average cost of $21.11 per share, for a total transaction of $103,439.00. Following the transaction, the director now owns 5,975 shares of the company's stock, valued at $126,132.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Jeffrey Kyle Stouder purchased 4,900 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was bought at an average price of $21.11 per share, with a total value of $103,439.00. Following the acquisition, the director now directly owns 5,975 shares of the company's stock, valued at $126,132.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Curtis Drew Hodgson sold 11,975 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $25.10, for a total value of $300,572.50. Following the sale, the chairman now directly owns 720,598 shares in the company, valued at approximately $18,087,009.80. The disclosure for this sale can be found here. Insiders sold a total of 131,175 shares of company stock valued at $3,259,339 over the last three months. Company insiders own 32.20% of the company's stock.

Legacy Housing Price Performance

Shares of LEGH stock traded up $0.29 during trading hours on Friday, reaching $21.27. 60,406 shares of the company were exchanged, compared to its average volume of 71,436. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.89 and a quick ratio of 2.00. The company has a market cap of $518.99 million, a price-to-earnings ratio of 9.80 and a beta of 0.95. The stock's fifty day moving average is $21.98 and its two-hundred day moving average is $22.58. Legacy Housing Co. has a fifty-two week low of $17.67 and a fifty-two week high of $26.50.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.49). The firm had revenue of $33.71 million for the quarter, compared to analyst estimates of $60.66 million. Legacy Housing had a net margin of 28.79% and a return on equity of 12.99%. Sell-side analysts forecast that Legacy Housing Co. will post 1.72 earnings per share for the current fiscal year.

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.