Patrick Michael Nieri Purchases 50,000 Shares of United Homes Group, Inc. (NASDAQ:UHG) Stock

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) major shareholder Patrick Michael Nieri purchased 50,000 shares of United Homes Group stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the insider now directly owns 50,000 shares in the company, valued at $97,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major 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 purchased 33,330 shares of United Homes Group stock. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $66,660.00.
• On Friday, May 23rd, Patrick Michael Nieri bought 31,151 shares of United Homes Group stock. The stock was purchased at an average cost of $2.01 per share, for a total transaction of $62,613.51.

United Homes Group Stock Performance

United Homes Group stock traded up $0.30 during trading hours on Friday, hitting $2.90. The company had a trading volume of 435,323 shares, compared to its average volume of 87,989. The firm has a market cap of $169.95 million, a PE ratio of -4.92 and a beta of 0.97. 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 one year low of $1.60 and a one year high of $7.80. The firm has a 50-day moving average of $2.26 and a 200 day moving average of $3.70.

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. 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%.

Hedge Funds Weigh In On United Homes Group

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of United Homes Group by 189.0% in the third quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock valued at $55,000 after buying an additional 5,884 shares in the last quarter. Wolverine Asset Management LLC raised its stake 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 valued at $43,000 after acquiring an additional 6,285 shares during the period. AQR Capital Management LLC bought a new stake in United Homes Group during the 1st quarter valued at $34,000. Charles Schwab Investment Management Inc. raised its stake in shares of United Homes Group by 34.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock valued at $66,000 after purchasing an additional 6,000 shares during the period. Finally, Rhumbline Advisers increased its holdings in United Homes Group by 432.0% during the 4th quarter. Rhumbline Advisers now owns 26,596 shares of the company's stock worth $112,000 after acquiring an additional 21,597 shares during the period. 88.85% of the stock is currently owned by institutional investors.

About United Homes Group

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.