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

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) VP Pennington W. Nieri acquired 50,000 shares of United Homes Group stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the purchase, the vice president 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

United Homes Group Stock Up 11.5%

NASDAQ UHG traded up $0.30 during trading hours on Friday, reaching $2.90. 435,323 shares of the company traded hands, compared to its average volume of 88,313. United Homes Group, Inc. has a 12 month low of $1.60 and a 12 month high of $7.80. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. The stock has a market capitalization of $169.95 million, a PE ratio of -4.92 and a beta of 0.97. The company has a 50 day moving average of $2.26 and a two-hundred day moving average of $3.68.

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 negative net margin of 4.58% and a positive return on equity of 1,250.34%. The firm had revenue of $87.00 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UHG. AQR Capital Management LLC acquired a new position in shares of United Homes Group in the 1st quarter valued at about $34,000. Anson Funds Management LP boosted 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 valued at $7,123,000 after buying an additional 1,043,922 shares during the period. Charles Schwab Investment Management Inc. boosted 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 buying an additional 6,000 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of United Homes Group in the 4th quarter valued at about $423,000. Finally, Seven Grand Managers LLC acquired a new position in shares of United Homes Group in the 4th quarter valued at about $180,000. 88.85% of the stock is currently owned by 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.