Wedge Capital Management L L P NC raised its stake in United Insurance Holdings Corp. (NASDAQ:UIHC) by 1,460.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450,933 shares of the company’s stock after buying an additional 422,033 shares during the period. Wedge Capital Management L L P NC owned about 2.11% of United Insurance Holdings Corp. worth $18,506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. acquired a new position in shares of United Insurance Holdings Corp. during the second quarter valued at approximately $609,000. Strs Ohio increased its position in shares of United Insurance Holdings Corp. by 8.2% in the second quarter. Strs Ohio now owns 27,700 shares of the company’s stock valued at $453,000 after buying an additional 2,100 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of United Insurance Holdings Corp. during the second quarter valued at approximately $657,000. First Quadrant L P CA acquired a new position in shares of United Insurance Holdings Corp. during the second quarter valued at approximately $233,000. Finally, Foundry Partners LLC increased its position in shares of United Insurance Holdings Corp. by 0.3% in the second quarter. Foundry Partners LLC now owns 163,140 shares of the company’s stock valued at $2,672,000 after buying an additional 450 shares in the last quarter. Institutional investors own 55.97% of the company’s stock.

Institutional Ownership by Quarter for United Insurance Holdings Corp. (NASDAQ:UIHC)

United Insurance Holdings Corp. (NASDAQ:UIHC) traded down 0.13% during mid-day trading on Friday, reaching $15.19. The company had a trading volume of 51,441 shares. United Insurance Holdings Corp. has a 12-month low of $13.46 and a 12-month high of $20.04. The company has a market capitalization of $326.19 million, a price-to-earnings ratio of 9.45 and a beta of 1.18. The stock has a 50-day moving average of $15.95 and a 200 day moving average of $16.46.

United Insurance Holdings Corp. (NASDAQ:UIHC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.05. United Insurance Holdings Corp. had a return on equity of 14.91% and a net margin of 8.29%. On average, analysts expect that United Insurance Holdings Corp. will post $1.57 EPS for the current year.

Separately, Zacks Investment Research upgraded United Insurance Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.

About United Insurance Holdings Corp.

United Insurance Holdings Corp. is a property and casualty insurance holding company that sources, writes and services residential property and casualty insurance policies using a network of agents and a group of insurance subsidiaries. The Company’s insurance subsidiary is United Property & Casualty Insurance Company.

5 Day Chart for NASDAQ:UIHC

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