Pennington W. Nieri Buys 1,269,659 Shares of United Homes Group, Inc. (NASDAQ:UHG) Stock

United Homes Group, Inc. (NASDAQ:UHGGet Free Report) VP Pennington W. Nieri purchased 1,269,659 shares of the stock in a transaction dated Friday, June 7th. The shares were bought at an average price of $5.00 per share, with a total value of $6,348,295.00. Following the completion of the acquisition, the vice president now directly owns 980,000 shares of the company’s stock, valued at approximately $4,900,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Homes Group Price Performance

UHG stock traded down $0.10 during midday trading on Tuesday, reaching $5.73. 20,875 shares of the stock were exchanged, compared to its average volume of 20,526. The company has a debt-to-equity ratio of 3.74, a current ratio of 7.91 and a quick ratio of 1.37. The stock has a market capitalization of $277.16 million, a PE ratio of 1.01 and a beta of 0.59. United Homes Group, Inc. has a 52 week low of $4.79 and a 52 week high of $13.82. The company has a fifty day moving average price of $6.23 and a 200 day moving average price of $7.04.

United Homes Group (NASDAQ:UHGGet Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $100.84 million for the quarter. United Homes Group had a negative return on equity of 295.76% and a net margin of 82.93%.

Hedge Funds Weigh In On United Homes Group

An institutional investor recently raised its position in United Homes Group stock. Boston Partners raised its position in shares of United Homes Group, Inc. (NASDAQ:UHGFree Report) by 9.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 297,069 shares of the company’s stock after purchasing an additional 26,441 shares during the quarter. Boston Partners owned approximately 0.61% of United Homes Group worth $2,077,000 at the end of the most recent quarter. Institutional investors own 88.85% of the company’s stock.

About United Homes Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for United Homes Group (NASDAQ:UHG)

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