Insider Buying: United Homes Group, Inc. (NASDAQ:UHG) VP Acquires 33,340 Shares of Stock

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) VP Pennington W. Nieri purchased 33,340 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $2.00 per share, with a total value of $66,680.00. Following the transaction, the vice president now owns 197,860 shares in the company, valued at approximately $395,720. The trade was a 20.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

United Homes Group Trading Up 11.5%

United Homes Group stock traded up $0.30 during trading hours on Friday, reaching $2.90. The company had a trading volume of 435,323 shares, compared to its average volume of 88,629. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58. United Homes Group, Inc. has a 12-month low of $1.60 and a 12-month high of $7.80. The firm has a market cap of $169.95 million, a price-to-earnings ratio of -4.92 and a beta of 0.97. The company has a 50-day moving average price of $2.26 and a 200 day moving average price of $3.64.

United Homes Group (NASDAQ:UHG - Get Free Report) last released its earnings results 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 for the quarter.

Institutional Investors Weigh In On United Homes Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in United Homes Group by 189.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock worth $55,000 after acquiring an additional 5,884 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in United Homes Group by 157.9% in the 4th quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company's stock worth $43,000 after acquiring an additional 6,285 shares in the last quarter. AQR Capital Management LLC bought a new position in United Homes Group in the 1st quarter worth approximately $34,000. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $66,000 after purchasing an additional 6,000 shares during the period. Finally, Rhumbline Advisers boosted its stake in United Homes Group by 432.0% in the 4th quarter. Rhumbline Advisers now owns 26,596 shares of the company's stock worth $112,000 after purchasing an additional 21,597 shares during the period. 88.85% of the stock is owned by hedge funds and other institutional investors.

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.