United Homes Group, Inc. (NASDAQ:UHG) VP Pennington W. Nieri Purchases 31,160 Shares

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) VP Pennington W. Nieri acquired 31,160 shares of United Homes Group stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $2.01 per share, with a total value of $62,631.60. Following the completion of the acquisition, the vice president now owns 164,520 shares of the company's stock, valued at $330,685.20. The trade was a 23.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Homes Group Trading Up 11.5%

Shares of NASDAQ:UHG traded up $0.30 during midday trading on Friday, reaching $2.90. The company's stock had a trading volume of 435,323 shares, compared to its average volume of 88,629. The business has a 50 day moving average price of $2.26 and a 200 day moving average price of $3.64. United Homes Group, Inc. has a 1 year low of $1.60 and a 1 year high of $7.80. 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 cap of $169.95 million, a price-to-earnings ratio of -4.92 and a beta of 0.97.

United Homes Group (NASDAQ:UHG - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share 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 company had revenue of $87.00 million during the quarter.

Institutional Trading of United Homes Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Conversant Capital LLC raised its stake 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 acquiring an additional 1,220,553 shares in the last quarter. Fidelity National Financial Inc. purchased a new position in United Homes Group during the 4th quarter valued at about $11,844,000. Anson Funds Management LP purchased a new position in United Homes Group during the 4th quarter valued at about $6,345,000. JPMorgan Chase & Co. grew its stake in United Homes Group by 189.0% during 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 in the last quarter. Finally, Boston Partners grew its stake in United Homes Group by 127.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 88.85% of the company's stock.

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.