Hodges Capital Management Has Upped Its Lgi Homes (LGIH) Position, Dividend & Income Fund Has 1.08 Sentiment

May 18, 2017 - By Michael Collier

Dividend and Income Fund is a non-diversified, closed end management investment company. The company has market cap of $125.61 million. The Fund’s primary investment objective is to seek high current income and capital appreciation is its secondary objective. It currently has negative earnings. It invests at least 50% of its total assets in income generating equity securities.

Hodges Capital Management Inc increased Lgi Homes Inc (LGIH) stake by 63.85% reported in 2016Q4 SEC filing. Hodges Capital Management Inc acquired 32,150 shares as Lgi Homes Inc (LGIH)’s stock 0.00%. The Hodges Capital Management Inc holds 82,500 shares with $2.37 million value, up from 50,350 last quarter. Lgi Homes Inc now has $653.52M valuation. The stock declined 0.81% or $0.26 reaching $31.92 on the news. About 131,661 shares traded. LGI Homes Inc (NASDAQ:LGIH) has risen 6.00% since April 18, 2017 and is uptrending. It has by 0.00% the S&P500.

Among 5 analysts covering LGI Homes (NASDAQ:LGIH), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. LGI Homes had 11 analyst reports since August 6, 2015 according to SRatingsIntel. Wells Fargo upgraded the shares of LGIH in report on Tuesday, May 16 to “Market Perform” rating. The rating was initiated by Sidoti with “Buy” on Tuesday, December 29. As per Monday, February 6, the company rating was downgraded by Wells Fargo. Wells Fargo downgraded LGI Homes Inc (NASDAQ:LGIH) on Friday, January 6 to “Market Perform” rating. Zacks upgraded it to “Hold” rating and $27 target in Friday, August 7 report. The rating was initiated by Wells Fargo on Thursday, September 29 with “Outperform”. The firm earned “Neutral” rating on Tuesday, December 6 by Wedbush.

Since January 19, 2017, it had 0 insider purchases, and 7 sales for $1.46 million activity. Lipar Jack Anthony sold $109,947 worth of stock. 2,555 shares were sold by Britton Margaret Mary, worth $82,501. Snider Michael Larry also sold $266,393 worth of LGI Homes Inc (NASDAQ:LGIH) shares. $299,188 worth of LGI Homes Inc (NASDAQ:LGIH) was sold by Lipar Eric Thomas on Thursday, January 19. Merdian Charles Michael sold $137,394 worth of stock. Eaton Rachel Lyons also sold $27,447 worth of LGI Homes Inc (NASDAQ:LGIH) on Wednesday, March 15.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.26, from 1.38 in 2016Q3. It is negative, as 26 investors sold LGIH shares while 39 reduced holdings. 19 funds opened positions while 54 raised stakes. 18.17 million shares or 10.20% more from 16.49 million shares in 2016Q3 were reported. 2,222 are owned by Blackrock. Moreover, Frontier Co Limited Co has 0.37% invested in LGI Homes Inc (NASDAQ:LGIH). California State Teachers Retirement System accumulated 31,895 shares. Victory Mngmt has 1,668 shares. State Of Alaska Department Of Revenue holds 1,820 shares or 0% of its portfolio. 17,980 were accumulated by Comerica Financial Bank. Deutsche Bancorp Ag owns 0% invested in LGI Homes Inc (NASDAQ:LGIH) for 43,697 shares. Natl Bank Of Montreal Can invested in 264 shares. Amer Grp invested in 11,569 shares or 0% of the stock. Bnp Paribas Arbitrage invested in 0% or 2,836 shares. Tradewinds Mngmt Lc owns 100 shares for 0% of their portfolio. Barclays Public Limited Liability Corporation reported 0% of its portfolio in LGI Homes Inc (NASDAQ:LGIH). Waddell & Reed Fincl reported 142,370 shares or 0.01% of all its holdings. 7,736 were reported by Brown Advisory. Riggs Asset Managment Communications Inc has 0.6% invested in LGI Homes Inc (NASDAQ:LGIH).

Hodges Capital Management Inc decreased Boeing Co (NYSE:BA) stake by 4,468 shares to 31,879 valued at $4.96 million in 2016Q4. It also reduced Brunswick Corp (NYSE:BC) stake by 56,915 shares and now owns 686,431 shares. United States Steel Corp (NYSE:X) was reduced too.

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