Insider Stock Purchase at United Insurance Holdings Corp. (NDA) (UIHC): William Hood Buys 20,000 Shares


William Hood, Director at United Insurance Holdings Corp. (NDA) (NASDAQ:UIHC), bought 20,000 shares of Common Stock yesterday. The purchase was executed indirectly through the William H. Hood III Revocable Trust and the insider paid a price of $14.80 per share. This is the Director’s first acquisition to be completed for the quarter, as his last transaction dates back to February of this fiscal year, when he bought 20,000 shares of Common Stock for $12.50 each share. Following yesterday’s purchase, Hood now holds a total of 612,533 company shares to his name.

Furthermore, on Friday, two other insiders at the casualty insurance firm completed stock purchases. Michael Kern Davis, a very large shareholder at United Insurance, bought 69,323 shares of Common Stock, paying a price of $14.76 per share, while Director Alec li Poitevint acquired 20,000 shares for $14.70 each.

Also, last quarter showed several new shareholding positions amongst hedge funds, such as Robert B. Gillam’s Mckinley Capital Management, which purchased 221,761 shares during Q1, with a value of $3.24 million.

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