United Homes Group, Inc. (NASDAQ:UHG) Director Michael Simanovsky Sells 3,246,275 Shares

Posted by Tech Dows on Dec 14th, 2024

United Homes Group, Inc. (NASDAQ:UHG – Get Free Report) Director Michael Simanovsky sold 3,246,275 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $4.75, for a total transaction of $15,419,806.25. Following the completion of the sale, the director now directly owns 1,775,725 shares in the company, valued at approximately $8,434,693.75. The trade was a 64.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

United Homes Group Trading Up 0.9 %

NASDAQ UHG traded up $0.04 during trading on Friday, reaching $4.46. 78,541 shares of the company 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 stock’s 50 day moving average price is $5.80 and its two-hundred day moving average price is $5.89. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16.

Institutional Trading of United Homes Group

Institutional investors have recently bought and sold shares of the stock. Stoneridge Investment Partners LLC bought a new position in United Homes Group during the 3rd quarter valued at about $298,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of United Homes Group during the third quarter worth approximately $97,000. Finally, Barclays PLC raised its stake in shares of United Homes Group by 260.8% in the third quarter. Barclays PLC now owns 7,500 shares of the company’s stock valued at $46,000 after acquiring an additional 5,421 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

United Homes Group Company Profile

(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.