Legacy Housing director Curtis Hodgson sells shares for $247,568

Curtis Drew Hodgson, a director and important shareholder of Legacy Housing Corp (NASDAQ:LEGH), lately executed a sale of firm shares. In line with the most recent SEC submitting, Hodgson offered 10,468 shares of Legacy Housing frequent inventory on January 6, 2025. The shares had been offered at a mean value of $23.65, amounting to a complete transaction worth of $247,568. The transaction occurred with the inventory buying and selling close to its InvestingPro Honest Worth, whereas analyst targets recommend potential upside with value targets starting from $29 to $34.

Following this transaction, Hodgson holds 394,254 shares instantly. Moreover, he maintains oblique possession by means of numerous entities: 1,000,000 shares by way of Hodgson Ventures, 2,669,056 shares by means of the Hodgson 2015 Grandchild’s Belief, and 100,000 shares beneath Cusach, Inc. The shares offered had been a part of a pre-arranged buying and selling plan established on Might 15, 2024. InvestingPro knowledge reveals the corporate maintains robust monetary well being with a “Good” general rating, working with average debt ranges and enough liquidity. Uncover extra insights and seven further ProTips with an InvestingPro subscription.

In different current information, Legacy Housing Company (NASDAQ:LEGH) reported combined monetary outcomes for Q3 2024. The corporate noticed a lower in product gross sales by $6.8 million, or 18.3%, however a rise in curiosity earnings from shopper loans by $1.5 million, or 17.3%. The corporate’s web earnings additionally decreased by 1.8% to $15.8 million, and earnings per share fell by $0.01, a lower of 1.5%.

In current developments, Legacy Housing Company shareholders accepted govt pay and elected 5 administrators, together with Curtis D. Hodgson and Kenneth E. Shipley, of their Annual Shareholders’ Assembly. Shareholders additionally expressed a desire for a triennial schedule for future “Say on Pay” votes. Following the assembly, Kenneth E. Shipley was elected as Chairman of the Board of Administrators.

The corporate has additionally introduced the appointment of Skyler M. Howton, a seasoned Dallas-based legal professional, as a brand new unbiased director to its Board. Along with this, Legacy Housing has offered extra land for $2.7 million and is at the moment creating 1,100 pads close to Austin, Texas. As a part of its strategic plans, the corporate is opening new dealerships and specializing in including unbiased sellers in strategic places.

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