Insider Buying: United Homes Group, Inc. (NASDAQ:UHG) Major Shareholder Purchases 31,151 Shares of Stock

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) major shareholder Patrick Michael Nieri acquired 31,151 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $2.01 per share, for a total transaction of $62,613.51. Following the acquisition, the insider now owns 164,471 shares in the company, valued at approximately $330,586.71. The trade was a 23.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 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 acquired 33,330 shares of United Homes Group stock. The shares were bought at an average cost of $2.00 per share, for a total transaction of $66,660.00.
• On Thursday, May 22nd, Patrick Michael Nieri acquired 50,000 shares of United Homes Group stock. The shares were bought at an average cost 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 mid-day trading on Friday, reaching $2.90. 435,323 shares of the company were exchanged, compared to its average volume of 88,313. United Homes Group, Inc. has a 12 month low of $1.60 and a 12 month high of $7.80. The company has a fifty day moving average of $2.26 and a 200 day moving average of $3.68. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16. 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 (NASDAQ:UHG - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter. United Homes Group had a negative net margin of 4.58% and a positive return on equity of 1,250.34%. The company had revenue of $87.00 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UHG. Fidelity National Financial Inc. acquired a new position in United Homes Group during the 4th quarter valued at about $11,844,000. Anson Funds Management LP acquired a new position in United Homes Group during the 4th quarter valued at about $6,345,000. Conversant Capital LLC lifted its position in United Homes Group by 228.1% during the 4th quarter. Conversant Capital LLC now owns 1,755,726 shares of the company's stock valued at $7,427,000 after purchasing an additional 1,220,553 shares during the period. Dendur Capital LP lifted its position in United Homes Group by 759.5% during the 4th quarter. Dendur Capital LP now owns 1,199,889 shares of the company's stock valued at $5,076,000 after purchasing an additional 1,060,279 shares during the period. Finally, Boston Partners lifted its position in United Homes Group by 127.6% during the 4th quarter. Boston Partners now owns 600,217 shares of the company's stock valued at $2,539,000 after purchasing an additional 336,460 shares during the period. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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.