Ray Shelton Twine III Purchases 10,000 Shares of United Homes Group, Inc. (NASDAQ:UHG) Stock

United Homes Group, Inc. (NASDAQ:UHG) COO Ray Shelton Twine III bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $4.55 per share, for a total transaction of $45,500.00. Following the transaction, the chief operating officer now owns 196,736 shares of the company’s stock, valued at $895,148.80. The trade was a 5.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

United Homes Group Stock Performance

Shares of NASDAQ UHG opened at $4.46 on Friday. The company has a 50 day simple moving average of $5.77 and a two-hundred day simple moving average of $5.89. The stock has a market cap of $215.91 million, a price-to-earnings ratio of -7.56 and a beta of 0.68. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. United Homes Group, Inc. has a 12 month low of $4.05 and a 12 month high of $9.48.

Institutional Investors Weigh In On United Homes Group

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of United Homes Group by 260.8% in the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock valued at $46,000 after buying an additional 5,421 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in United Homes Group during the third quarter valued at approximately $97,000. Finally, Stoneridge Investment Partners LLC acquired a new position in United Homes Group in the third quarter valued at approximately $298,000. 88.85% of the stock is owned by hedge funds and other institutional investors.

United Homes Group Company Profile

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.