Insider Buying: United Homes Group, Inc. (NASDAQ:UHG) VP Acquires 31,160 Shares of Stock

United Homes Group, Inc. (NASDAQ:UHG) VP Pennington W. Nieri acquired 31,160 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $2.01 per share, for a total transaction of $62,631.60. Following the completion of the transaction, the vice president now directly owns 164,520 shares of the company’s stock, valued at approximately $330,685.20. This represents a 23.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

United Homes Group Price Performance

Shares of NASDAQ:UHG traded down $0.10 during trading on Tuesday, hitting $2.00. 230,604 shares of the company’s stock were exchanged, compared to its average volume of 81,501. The business’s 50-day simple moving average is $2.29 and its 200 day simple moving average is $3.74. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58. United Homes Group, Inc. has a 52-week low of $1.60 and a 52-week high of $7.80. The company has a market cap of $117.20 million, a price-to-earnings ratio of -3.39 and a beta of 0.97.

United Homes Group (NASDAQ:UHG) last released its earnings results 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Conversant Capital LLC increased its holdings 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 worth $7,427,000 after purchasing an additional 1,220,553 shares during the last quarter. Fidelity National Financial Inc. purchased a new stake in shares of United Homes Group during the 4th quarter worth approximately $11,844,000. Anson Funds Management LP bought a new position in shares of United Homes Group during the 4th quarter valued at approximately $6,345,000. JPMorgan Chase & Co. grew its holdings in shares of United Homes Group by 189.0% in the third 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. Finally, Boston Partners grew its holdings in shares of United Homes Group by 127.6% in the fourth quarter. Boston Partners now owns 600,217 shares of the company’s stock valued at $2,539,000 after purchasing an additional 336,460 shares in the last quarter. Institutional investors own 88.85% of the company’s stock.

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.