United Homes Group, Inc. (NASDAQ:UHG) VP Purchases $62,631.60 in Stock

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

United Homes Group Price Performance

Shares of UHG stock traded up $0.30 during mid-day trading on Friday, reaching $2.90. The company's stock had a trading volume of 435,323 shares, compared to its average volume of 88,313. United Homes Group, Inc. has a 1-year low of $1.60 and a 1-year high of $7.80. The company has a market cap of $169.95 million, a P/E ratio of -4.92 and a beta of 0.97. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.58 and a current ratio of 6.62. The firm's 50-day moving average is $2.26 and its two-hundred day moving average is $3.68.

United Homes Group (NASDAQ:UHG - Get Free Report) last announced its quarterly earnings data 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 during the quarter.

Hedge Funds Weigh In On United Homes Group

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in shares of United Homes Group in the 1st quarter worth about $34,000. Anson Funds Management LP grew its holdings in shares of United Homes Group by 69.6% in the 1st quarter. Anson Funds Management LP now owns 2,543,922 shares of the company's stock worth $7,123,000 after purchasing an additional 1,043,922 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 worth $66,000 after purchasing an additional 6,000 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of United Homes Group in the 4th quarter worth about $423,000. Finally, Seven Grand Managers LLC bought a new stake in shares of United Homes Group in the 4th quarter worth about $180,000. 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.