United Homes Group, Inc. (NASDAQ:UHG) Major Shareholder Purchases $62,613.51 in Stock

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) major shareholder Patrick Michael Nieri purchased 31,151 shares of the business's stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $2.01 per share, with a total value of $62,613.51. Following the acquisition, the insider now owns 164,471 shares in the company, valued at approximately $330,586.71. This represents a 23.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Patrick Michael Nieri also recently made the following trade(s):

• On Tuesday, May 27th, Patrick Michael Nieri purchased 33,330 shares of United Homes Group stock. The shares were acquired at an average price of $2.00 per share, for a total transaction of $66,660.00.
• On Thursday, May 22nd, Patrick Michael Nieri purchased 50,000 shares of United Homes Group stock. The shares were acquired at an average price of $1.95 per share, for a total transaction of $97,500.00.

United Homes Group Price Performance

NASDAQ UHG traded up $0.30 during trading hours on Friday, reaching $2.90. 435,323 shares of the company's stock were exchanged, compared to its average volume of 88,629. The stock has a market cap of $169.95 million, a PE ratio of -4.92 and a beta of 0.97. United Homes Group, Inc. has a one year low of $1.60 and a one year high of $7.80. The firm has a fifty day moving average of $2.26 and a 200-day moving average of $3.64. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16.

United Homes Group (NASDAQ:UHG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 EPS for the quarter. The firm had revenue of $87.00 million for the quarter. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%.

Institutional Trading of United Homes Group

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in shares of United Homes Group in the 1st quarter valued at about $34,000. Wolverine Asset Management LLC grew its holdings in United Homes Group by 157.9% during the fourth quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company's stock worth $43,000 after purchasing an additional 6,285 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of United Homes Group by 189.0% during the third quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock worth $55,000 after acquiring an additional 5,884 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Homes Group by 34.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock worth $66,000 after acquiring an additional 6,000 shares during the period. Finally, Rhumbline Advisers raised its position in shares of United Homes Group by 432.0% in the fourth quarter. Rhumbline Advisers now owns 26,596 shares of the company's stock valued at $112,000 after buying an additional 21,597 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company's stock.

United Homes Group Company Profile

United Homes Group, Inc, a homebuilding company, engages in the design, building, and sale of homes in South Carolina, North Carolina, and Georgia. It provides detached single-family houses, as well as attached single-family houses, including duplex and town houses for entry-level buyers, first time move-ups, second time move-ups, third time move-ups, and custom builds.