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Insiders Seeing Green With UIHC At New 52-Week High

Posted
5/14/2014 1:17:00 PM
By: BNK Invest
Referenced Stocks:UIHC

In trading on Wednesday, shares of United Insurance Holdings Corp (Symbol: UIHC) touched a new 52-week high of $16.50/share. That's a 175.00% rise, or $10.5 per share from the 52-week low of $6.00 set back on 05/15/2013. That means at today's intraday high, any investor who purchased UIHC stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, UIHC has seen 7 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
11/21/2013 Deepak Menon VP Operations and Business Dev 1,700 $10.00 $17,000.00
12/14/2013 William H. Hood III Director 25,000 $10.87 $271,750.00
02/24/2014 Kimberly Salmon General Counsel 1,725 $14.73 $25,409.25
02/28/2014 William H. Hood III Director 20,000 $12.50 $250,000.00
02/28/2014 Kern Michael Davis 12,000 $12.50 $150,018.30
02/28/2014 William H. Hood III Director 20,000 $12.50 $250,000.00
02/28/2014 Kern Michael Davis 12,000 $12.50 $150,018.30
02/28/2014 William H. Hood III Director 20,000 $12.50 $250,000.00
02/28/2014 Kern Michael Davis 12,000 $12.50 $150,018.30
02/28/2014 Alec Poitevint II Director 80,000 $12.50 $1,000,008.00
03/04/2014 Kimberly Salmon General Counsel 16,479 $14.00 $230,715.12
03/05/2014 Sherrill W. Hudson Director 30,000 $12.50 $375,006.00
03/11/2014 Deepak Menon VP Operations and Business Dev 1,800 $15.03 $27,054.00
03/05/2014 Brad Martz Chief Financial Officer 4,000 $12.50 $50,006.00
05/09/2014 Deepak Menon VP Operations and Business Dev 2,000 $14.25 $28,500.00
05/09/2014 Andrew Swenson Chief Information Officer 1,500 $14.78 $22,167.75

The chart below shows where UIHC has traded over the past year, with the 50-day and 200-day moving averages included.

United Insurance Holdings Corp Moving Averages Chart

In afternoon trading on Wednesday, UIHC shares are changing hands at $16.41/share, slightly below the new 52-week high.

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