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 acquired 10,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $4.55 per share, for a total transaction of $45,500.00. Following the completion of the acquisition, the chief operating officer now directly owns 196,736 shares of the company’s stock, valued at approximately $895,148.80. The trade was a 5.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United Homes Group Stock Performance

United Homes Group stock traded up $0.04 during trading hours on Friday, hitting $4.46. 78,541 shares of the stock traded hands, compared to its average volume of 29,288. United Homes Group, Inc. has a 1 year low of $4.05 and a 1 year high of $9.48. The firm’s 50 day moving average price is $5.80 and its 200-day moving average price is $5.89. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58. The stock has a market capitalization of $215.91 million, a price-to-earnings ratio of -7.56 and a beta of 0.68.

Institutional Trading of United Homes Group

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

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.