United Homes Group, Inc. (NASDAQ:UHG) VP Purchases $97,500.00 in Stock

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) VP Pennington W. Nieri acquired 50,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the purchase, the vice president now owns 50,000 shares of the company's stock, valued at $97,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

United Homes Group Trading Up 11.5%

NASDAQ UHG traded up $0.30 during trading on Friday, hitting $2.90. 435,323 shares of the company's stock traded hands, 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. The stock has a fifty day moving average of $2.26 and a two-hundred day moving average of $3.64. The firm has a market cap of $169.95 million, a P/E ratio of -4.92 and a beta of 0.97. United Homes Group, Inc. has a 12-month low of $1.60 and a 12-month high of $7.80.

United Homes Group (NASDAQ:UHG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter. The firm had revenue of $87.00 million for the quarter. United Homes Group had a negative net margin of 4.58% and a positive return on equity of 1,250.34%.

Institutional Trading of United Homes Group

A number of large investors have recently made changes to their positions in UHG. AQR Capital Management LLC purchased a new stake in United Homes Group in the 1st quarter valued at about $34,000. Wolverine Asset Management LLC increased its stake in United Homes Group by 157.9% during the 4th quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company's stock valued at $43,000 after purchasing an additional 6,285 shares in the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 5,884 shares in the last quarter. 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 acquiring an additional 6,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of United Homes Group by 432.0% in the 4th quarter. Rhumbline Advisers now owns 26,596 shares of the company's stock valued at $112,000 after acquiring an additional 21,597 shares during the last quarter. 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.