United Homes Group (NASDAQ:UHG) Trading 4.7% Higher - Time to Buy?

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report)'s stock price was up 4.7% on Tuesday . The stock traded as high as $4.33 and last traded at $4.25. Approximately 88,266 shares changed hands during trading, a decline of 65% from the average daily volume of 251,765 shares. The stock had previously closed at $4.06.

United Homes Group Price Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.59 and a current ratio of 5.74. The business's fifty day simple moving average is $3.29 and its 200 day simple moving average is $3.21. The stock has a market cap of $219.75 million, a price-to-earnings ratio of 5.60 and a beta of 1.19.

United Homes Group (NASDAQ:UHG - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter. The business had revenue of $87.00 million during the quarter. United Homes Group had a net margin of 8.92% and a return on equity of 79.00%.

Insider Buying and Selling at United Homes Group

In other news, VP Pennington W. Nieri acquired 33,340 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $2.00 per share, for a total transaction of $66,680.00. Following the completion of the acquisition, the vice president owned 197,860 shares in the company, valued at $395,720. This trade represents a 20.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Patrick Michael Nieri purchased 33,330 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $2.00 per share, for a total transaction of $66,660.00. Following the purchase, the insider owned 197,801 shares of the company's stock, valued at approximately $395,602. This represents a 20.26% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 228,981 shares of company stock worth $453,585 over the last 90 days. Company insiders own 72.30% of the company's stock.

Hedge Funds Weigh In On United Homes Group

A number of institutional investors have recently added to or reduced their stakes in the company. Fidelity National Financial Inc. acquired a new position in shares of United Homes Group in the fourth quarter valued at $11,844,000. Anson Funds Management LP grew its stake in shares of United Homes Group by 69.6% in the first quarter. Anson Funds Management LP now owns 2,543,922 shares of the company's stock valued at $7,123,000 after acquiring an additional 1,043,922 shares in the last quarter. Conversant Capital LLC grew its stake in shares of United Homes Group by 228.1% in the fourth 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. Dendur Capital LP grew its stake in shares of United Homes Group by 759.5% in the fourth quarter. Dendur Capital LP now owns 1,199,889 shares of the company's stock valued at $5,076,000 after acquiring an additional 1,060,279 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in United Homes Group during the fourth quarter worth about $423,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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.