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.
In afternoon trading on Wednesday, UIHC shares are changing hands at $16.41/share, slightly below the new 52-week high.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
