Wolverine Asset Management LLC Increases Stake in United Homes Group, Inc. (NASDAQ:UHG)

Wolverine Asset Management LLC increased its holdings in shares of United Homes Group, Inc. (NASDAQ:UHG) by 157.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,265 shares of the company’s stock after buying an additional 6,285 shares during the period. Wolverine Asset Management LLC’s holdings in United Homes Group were worth $43,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UHG. Stoneridge Investment Partners LLC purchased a new stake in United Homes Group during the 3rd quarter worth approximately $298,000. Rhumbline Advisers increased its stake in United Homes Group by 432.0% during the 4th quarter. Rhumbline Advisers now owns 26,596 shares of the company’s stock worth $112,000 after buying an additional 21,597 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in United Homes Group during the 3rd quarter worth approximately $97,000. JPMorgan Chase & Co. increased its stake in United Homes Group by 189.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company’s stock worth $55,000 after buying an additional 5,884 shares during the period. Finally, Barclays PLC increased its stake in United Homes Group by 260.8% during the 3rd 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 period. 88.85% of the stock is owned by hedge funds and other institutional investors.

United Homes Group Price Performance

Shares of UHG opened at $3.76 on Tuesday. United Homes Group, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $7.80. The firm’s 50 day moving average price is $4.21 and its 200 day moving average price is $5.25. The company has a market cap of $182.02 million, a P/E ratio of -6.37 and a beta of 0.79. 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 United Homes Group news, Director Michael Simanovsky sold 3,246,275 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 1,775,725 shares in the company, valued at $8,434,693.75. The trade was a 64.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Ray Shelton Twine III purchased 10,000 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $4.55 per share, with a total value of $45,500.00. Following the acquisition, the chief operating officer now directly owns 196,736 shares in the company, valued at $895,148.80. This represents a 5.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 65,000 shares of company stock worth $318,350 in the last 90 days. Corporate insiders own 85.30% 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.