The CFO, Sec & Treas of LGI Homes (NASDAQ: LGIH) is Selling Shares

By Carrie Williams

Today, the CFO, Sec & Treas of LGI Homes (NASDAQ: LGIH), Charles Michael Merdian, sold shares of LGIH for $137.4K.

Following Charles Michael Merdian’s last LGIH Sell transaction on February 03, 2016, the stock climbed by 11.4%. In addition to Charles Michael Merdian, 12 other LGIH executives reported Sell trades in the last month.

Based on LGI Homes’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $237 million and quarterly net profit of $23.21 million. In comparison, last year the company earned revenue of $177 million and had a net profit of $15.73 million. The company has a one year high of $40.47 and a one year low of $22.51. LGIH’s market cap is $674.3M and the company has a P/E ratio of 9.46.

The insider sentiment on LGI Homes has been neutral according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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LGI Homes, Inc. engages in the design, construction, and sale of entry-level homes. It operates in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina and Colorado. It also offers no money down and credit counsel programs. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.