SCHEDULE 13G/A: Kenneth E. Shipley Maintains Significant 12.4% Stake in Legacy Housing Corporation
Beneficial Ownership Report
Kenneth E. Shipley has filed an updated Schedule 13G, reporting a beneficial ownership of 12.4% of Legacy Housing Corporation's common stock as of December 31, 2024.
Summary
- Kenneth E. Shipley beneficially owns 2,993,610 shares of Legacy Housing Corporation's Common Stock.
- This ownership represents 12.4% of the company's total outstanding Common Stock.
- The percentage is calculated based on 24,158,311 shares of Common Stock outstanding as of November 6, 2024, as reported in Legacy Housing Corporation's Quarterly Report on Form 10-Q filed on November 12, 2024.
- The reported shares include 100,000 shares of Common Stock held by Shipley Bros., Ltd., an entity controlled by Mr. Shipley.
- Mr. Shipley holds sole voting power and sole dispositive power over all 2,993,610 beneficially owned shares.
- This filing is Amendment No. 5 to the Schedule 13G for Kenneth E. Shipley regarding Legacy Housing Corporation.
Sentiment
Score: 6
Explanation: The filing reports a significant beneficial ownership stake by a key individual, which can be interpreted as a sign of confidence, though the document itself is purely factual and does not contain performance data.
Positives
- The continued significant beneficial ownership (12.4%) by Kenneth E. Shipley, a key individual, may signal confidence in Legacy Housing Corporation's future prospects and long-term strategy.
Negatives
- The Schedule 13G filing is a factual report of beneficial ownership and does not contain any negative information regarding the company's performance or outlook.
Risks
- The document is a beneficial ownership report and does not detail company-specific risks or potential future challenges.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The continued significant beneficial ownership by Kenneth E. Shipley may instill confidence in the company's leadership and long-term strategy, potentially signaling alignment of interests.
Key Dates
| Date | Description |
|---|---|
| October 23, 2023 | Date of Power of Attorney granted to Max M. Africk by Kenneth E. Shipley. |
| November 6, 2024 | Date as of which 24,158,311 shares of Legacy Housing Corporation's Common Stock were outstanding. |
| November 12, 2024 | Date Legacy Housing Corporation filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. |
| December 31, 2024 | Date of event which requires the filing of this Schedule 13G statement (beneficial ownership snapshot). |
| February 5, 2025 | Date of filing of this Schedule 13G Amendment No. 5. |
Keywords
Legacy Housing Corporation, Kenneth E. Shipley, Schedule 13G, Beneficial Ownership, Common Stock, Insider Ownership, SEC Filing
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