Verition Fund Management LLC Lowers Stock Holdings in Legacy Housing Co. (NASDAQ:LEGH)

Verition Fund Management LLC lowered its position in shares of Legacy Housing Co. (NASDAQ:LEGH) by 18.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,412 shares of the company’s stock after selling 2,335 shares during the quarter. Verition Fund Management LLC’s holdings in Legacy Housing were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LEGH. Premier Path Wealth Partners LLC raised its position in Legacy Housing by 2.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 47,783 shares of the company’s stock worth $1,096,000 after purchasing an additional 1,083 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Legacy Housing by 7.8% during the second quarter. Bank of New York Mellon Corp now owns 59,517 shares of the company’s stock valued at $1,365,000 after buying an additional 4,287 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Legacy Housing in the second quarter worth about $28,000. Rhumbline Advisers lifted its stake in shares of Legacy Housing by 13.8% in the 2nd quarter. Rhumbline Advisers now owns 17,796 shares of the company’s stock valued at $408,000 after acquiring an additional 2,152 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Legacy Housing by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock valued at $4,146,000 after acquiring an additional 2,014 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Legacy Housing

In other news, Chairman Curtis Drew Hodgson sold 17,300 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $25.20, for a total transaction of $435,960.00. Following the completion of the sale, the chairman now directly owns 560,041 shares in the company, valued at approximately $14,113,033.20. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 189,008 shares of company stock worth $5,002,628. Insiders own 30.60% of the company’s stock.

Legacy Housing Price Performance

Shares of Legacy Housing stock opened at $25.41 on Friday. Legacy Housing Co. has a one year low of $19.42 and a one year high of $29.31. The business’s 50 day simple moving average is $26.04 and its two-hundred day simple moving average is $25.64. The stock has a market capitalization of $613.85 million, a P/E ratio of 11.71 and a beta of 1.10.

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.