United Homes Group (NASDAQ:UHG) Issues Quarterly Earnings Results

United Homes Group (NASDAQ:UHG) issued its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share for the quarter, Zacks reports. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%.

United Homes Group Stock Down 5.3 %

Shares of NASDAQ UHG opened at $3.57 on Wednesday. The stock has a market capitalization of $172.82 million, a price-to-earnings ratio of -6.05 and a beta of 0.81. United Homes Group has a 52 week low of $3.24 and a 52 week high of $7.80. The firm has a 50-day moving average price of $4.07 and a 200 day moving average price of $5.06. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16.

Insiders Place Their Bets

In other news, COO Ray Shelton Twine III bought 10,000 shares of United Homes Group stock in a transaction on 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 acquisition, the chief operating officer now owns 196,736 shares in the company, valued at approximately $895,148.80. This trade represents a 5.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 85.30% of the stock is owned by company insiders.

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.