United Homes Group (NASDAQ:UHG) Stock Price Up 9.2% - Time to Buy?

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report)'s share price shot up 9.2% during trading on Friday . The stock traded as high as $2.91 and last traded at $2.86. 189,232 shares changed hands during trading, an increase of 71% from the average session volume of 110,705 shares. The stock had previously closed at $2.62.

United Homes Group Trading Up 9.2%

The firm has a 50-day moving average of $2.67 and a 200 day moving average of $3.29. The company has a current ratio of 5.74, a quick ratio of 1.59 and a debt-to-equity ratio of 1.38. The company has a market cap of $167.60 million, a P/E ratio of 4.27 and a beta of 1.19.

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

Insider Activity at United Homes Group

In related news, major shareholder Patrick Michael Nieri acquired 33,330 shares of the stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $2.00 per share, with a total value of $66,660.00. Following the completion of the purchase, the insider directly owned 197,801 shares in the company, valued at $395,602. This trade represents a 20.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Pennington W. Nieri acquired 33,340 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $2.00 per share, with a total value of $66,680.00. Following the completion of the purchase, the vice president owned 197,860 shares of the company's stock, valued at approximately $395,720. The trade was a 20.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 228,981 shares of company stock valued at $453,585. Company insiders own 72.30% of the company's stock.

Institutional Trading of United Homes Group

Several institutional investors and hedge funds have recently modified their holdings of UHG. Fidelity National Financial Inc. purchased a new stake in shares of United Homes Group during the fourth quarter valued at approximately $11,844,000. Anson Funds Management LP increased its position in shares of United Homes Group by 69.6% during 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 during the last quarter. Conversant Capital LLC increased its position in shares of United Homes Group by 228.1% during 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 during the last quarter. Dendur Capital LP increased its position in shares of United Homes Group by 759.5% during 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 during the last quarter. Finally, Boston Partners increased its position in shares of United Homes Group by 127.6% during the fourth quarter. Boston Partners now owns 600,217 shares of the company's stock valued at $2,539,000 after acquiring an additional 336,460 shares during the last quarter. 88.85% of the stock is owned by hedge funds and other 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.