United Homes Group, Inc. (NASDAQ:UHG) Major Shareholder Patrick Michael Nieri Acquires 33,330 Shares

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) major shareholder Patrick Michael Nieri purchased 33,330 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $2.00 per share, for a total transaction of $66,660.00. Following the purchase, the insider now owns 197,801 shares of the company's stock, valued at approximately $395,602. This trade represents a 20.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Friday, May 23rd, Patrick Michael Nieri acquired 31,151 shares of United Homes Group stock. The shares were bought at an average cost of $2.01 per share, for a total transaction of $62,613.51.
• On Thursday, May 22nd, Patrick Michael Nieri purchased 50,000 shares of United Homes Group stock. The stock was acquired at an average cost of $1.95 per share, with a total value of $97,500.00.

United Homes Group Stock Performance

Shares of United Homes Group stock traded up $0.30 on Friday, reaching $2.90. 435,323 shares of the stock were exchanged, compared to its average volume of 88,629. The business has a 50 day moving average price of $2.26 and a two-hundred day moving average price of $3.64. 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 firm has a market capitalization of $169.95 million, a price-to-earnings ratio of -4.92 and a beta of 0.97. United Homes Group, Inc. has a twelve month low of $1.60 and a twelve month high of $7.80.

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

Hedge Funds Weigh In On United Homes Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in shares of United Homes Group by 7.3% in the 4th quarter. Northern Trust Corp now owns 54,357 shares of the company's stock valued at $230,000 after buying an additional 3,720 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of United Homes Group by 189.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock valued at $55,000 after acquiring an additional 5,884 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Homes Group by 34.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock valued at $66,000 after acquiring an additional 6,000 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of United Homes Group by 157.9% in the 4th quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company's stock valued at $43,000 after acquiring an additional 6,285 shares during the last quarter. Finally, Stoneridge Investment Partners LLC boosted its position in shares of United Homes Group by 16.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 56,776 shares of the company's stock valued at $240,000 after purchasing an additional 8,187 shares during the period. 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.