Insider Acquisition At United Insurance Holdings Corp. (NDA) (UIHC): Mr. Poitevint And Mr. Forney Acquire Shares.


United Insurance Holdings Corp. (NDA) (NASDAQ:UIHC)’s director Ii Alec Poitevint  recently acquired 2,160 shares of common stock, at a price of $17.7 per share. Following this transaction, Mr. Poitevint owns 406,457 shares, held indirectly through SEM Minerals, LP, a limited partnership whose General Partner is SEM Minerals, Inc., of which Mr. Poitevint is the Chairman and President, and another 351,299 shares, held indirectly through Mineral Associates, Inc.; Mr. Poitevint has voting and investment power over these securities.

Chief Executive Officer John Forney  has also acquired shares of this stock. He acquired 6,090 shares of common stock, as “payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3,” (SEC). Following this transaction, Mr. Forney owns 76,125 directly, and another 53,304 shares, which are held jointly by Mr. Forney and his spouse.

Moreover, an important hedge fund has increase its stake at United Insurance Holdings Corp. (NDA) (NASDAQ:UIHC) over the last reported quarter by 128%: Brian Taylor’s Pine River Capital Management currently holds 356,487 shares, worth over $5 million, accruing for  0.08% of the fund’s Equity Portfolio.

Disclosure: None.

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