Multiple Cavco Industries Insiders Selling Stocks – What’s Going on w/Higher Profile Manufactured Housing Institute (MHI) Members Dumping their Own Shares as Trump Poised to Regain White House?
According to Investing.com and Defense World, which in turn cited SEC Filings as their source, multiple Cavco Industries (CVCO) insiders have been selling shares in recent days. Cavco’s Chief Accounting Officer (CAO) Paul Bigbee, Cavco Industries President of Financial Services Jack S. Brandon, and Richard A. Kerley, a director at Cavco Industries Inc. have each been cited by those sources as selling shares in the past week. Other higher profile Manufactured Housing Institute (MHI) corporate leaders have also been selling shares of their stocks recently. More on that further below, but first some details on Cavco insider selling.
1)
Jack S. Brandom, President of Financial Services at Cavco Industries Inc. (NASDAQ:CVCO), recently sold 1,000 shares of the company’s common stock, totaling approximately $535,340. The shares were sold at an average price of $535.34, with the transaction executed on November 25, 2024.
Richard A. Kerley, a director at Cavco Industries Inc. (NASDAQ:CVCO), recently sold 500 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $516.27 each, totaling approximately $258,135. Following this transaction, Kerley, through the Kerley Family Trust, holds 7,383 shares of Cavco Industries. The transaction was executed on November 26, 2024.
Specifically, CAO Paul Bigbee sold 100 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the sale, the chief accounting officer now directly owns 981 shares in the company, valued at approximately $502,497.63. The trade was a 9.25 % decrease in their ownership of the stock.
2) Officers and directors buy and sell shares for a range of reasons. Selling stocks is not always an indication that there may be some problem on the horizon that the general public is unaware of but which the insider may have concerns about. With that in mind, some Q&As with left-leaning Bing’s AI powered Copilot.
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3Cavco Industries (CVCO) and Equity LifeStyle Properties (ELS) are two higher profile Manufactured Housing Institute member firms that have had multiple insiders selling stocks recently. Is there any evidence you can see of Cavco or ELS insiders buying shares in the last 6 months?
Based on the latest data, there hasn’t been any insider buying for Cavco Industries (CVCO) in the last 6 months. In fact, there have been multiple instances of insider selling.
For Equity LifeStyle Properties (ELS), there also hasn’t been any insider buying in the last 6 months. Similar to Cavco, there have been several insider sales during this period. …”
4)
While insider selling can be attributed to something as simple as a shareholders need or desire to raise cash for whatever reason, when there is only insider selling occurring, isn’t that a possible cautionary note for prospective investors?
You’re absolutely right. While insider selling can sometimes be benign, such as for personal financial reasons, a pattern of only insider selling can indeed be a cautionary note for prospective investors. It may signal a lack of confidence in the company’s future prospects from those who know it best—its own executives and board members.
Investors often look for insider buying as a more reliable indicator of company confidence and potential future growth. When insiders are buying, it can suggest they believe the stock is undervalued and has good prospects. Conversely, when there’s only selling, it can raise red flags and warrant closer scrutiny. …”
6) Cavco (CVCO) was under the cloud of years of struggle with the Security and Exchange Commission (SEC) that ultimately ended up in millions of dollars in settlements and millions more spent in legal defense. What was revealed by the SEC attorneys case filing against Cavco supported the concerns raised by various MHProNews reports on purported industry consolidation being fostered via market manipulation that seems to involve MHI.
Base image is from the Cavco Industries November 2023 Investor Relations ‘pitch deck’ or presentation. Satirical “Proud Member of Machiavellian Housing Institute” (i.e.: Manufactured Housing Institute or MHI) with its modified MHI tag line: “The National Association Serving Consolidators of the Manufactured Housing Industry” was added by MHProNews, but Cavco Industries is a “proud” MHI member. Call out boxes and arrows are added by MHProNews as part of this fact check and analysis.
7) Another higher profile MHI member is Sun Communities (SUI), which has faced a scathing critique by short sale focused Blue Orca. That report sparked a wave of shareholder plaintiffs’ attorneys to announce investigations of Sun.
8) ELS owns Datacomp as well as its sister brands MHVillage and MHInsider. Datacomp, ELS, Sun, and other MHI members have been hit by multiple national class action legal actions that defendants moved to consolidate. The suits on behalf of residents of other MHI member companies such as RHP Properties and Hometown America which allege that antitrust violations occurred to artificially raise the site fees (a.k.a.: “lot rents”) of those companies on their residents.
9) As an array of potential officials advanced by President-Elect Donald J. Trump’s (R) incoming administration are preparing to tackle an array of troubling issues in the wake of the Biden-Harris (D) regime years, questions ought to be asked and answers sought about how business-advocacy and regulatory agencies interacted to potentially limit their competitors and/or harm consumers.
11) MHI has finally updated a section of their website that will be unpacked by MHProNews in the days ahead. Stay tuned for that report with analysis. More on manufactured housing industry underperformance during an affordable housing crisis and what team Trump could do to change that dynamic is available in the reports linked above and below. Stay tuned for another spotlight on a MHI member community operator that has drawn fire. Also stay tuned for a new third-party research report on manufactured housing.
that the industry ought to expect this current downturn because more expensive site-built housing is also in a downturn? MHI’s research and reasoning are arguably a classic example of PALTERING and the use of a RED HERRING logical fallacy. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
Reminder. The Manufactured Housing Association for Regulatory Reform (MHARR) said in a message to MHProNews that they look forward to working with Trump’s HUD nominee Eric Scott Turner for the full implementation of the 2000 Reform Act. More to come. ##
Our son has grown quite a bit since this 12.2019 photo. All on Capitol Hill were welcoming and interested in our manufactured housing industry related concerns. But Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included the Constitution of the United States, bottled water, and other goodies.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing.
For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.
This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
