United Insurance Holdings (UIHC) Shareholder Stadium Capital Management Has Cut Its Stake by $6.07 Million as Share Value Rose; Wcm Investment Management Raised Its Stake in Motorcar Pts Amer (MPAA) by $1.72 Million

August 12, 2018 - By Billy Entrekin

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Logo

Stadium Capital Management Llc decreased its stake in United Insurance Holdings Corp (UIHC) by 29.06% based on its latest 2018Q1 regulatory filing with the SEC. Stadium Capital Management Llc sold 319,612 shares as the company’s stock rose 6.81% while stock markets declined. The hedge fund held 780,148 shares of the property-casualty insurers company at the end of 2018Q1, valued at $14.93M, down from 1.10M at the end of the previous reported quarter. Stadium Capital Management Llc who had been investing in United Insurance Holdings Corp for a number of months, seems to be less bullish one the $891.99 million market cap company. The stock decreased 0.10% or $0.02 during the last trading session, reaching $20.83. About 101,629 shares traded or 11.96% up from the average. United Insurance Holdings Corp. (NASDAQ:UIHC) has risen 30.54% since August 12, 2017 and is uptrending. It has outperformed by 17.97% the S&P500. Some Historical UIHC News: 10/05/2018 – United Insurance Holdings: Reinsurance Pacts Provided More Frequency and Severity Protection; 08/05/2018 – United Insurance 1Q EPS 20c; 23/04/2018 – DJ United Insurance Holdings Corp, Inst Holders, 1Q 2018 (UIHC); 10/05/2018 – United Insurance Holdings: Total Cost of 2018-2019 Catastrophe Reinsurance Program Is About $374M

Wcm Investment Management increased its stake in Motorcar Pts Amer Inc (MPAA) by 218.39% based on its latest 2018Q1 regulatory filing with the SEC. Wcm Investment Management bought 81,960 shares as the company’s stock declined 0.47% with the market. The institutional investor held 119,490 shares of the capital goods company at the end of 2018Q1, valued at $2.56 million, up from 37,530 at the end of the previous reported quarter. Wcm Investment Management who had been investing in Motorcar Pts Amer Inc for a number of months, seems to be bullish on the $454.65 million market cap company. The stock increased 2.58% or $0.605 during the last trading session, reaching $24.035. About 483,091 shares traded or 95.30% up from the average. Motorcar Parts of America, Inc. (NASDAQ:MPAA) has declined 28.45% since August 12, 2017 and is downtrending. It has underperformed by 41.02% the S&P500.

Among 5 analysts covering United Insurance Holdings Corporation (NASDAQ:UIHC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. United Insurance Holdings Corporation had 12 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The stock has “Market Perform” rating by JMP Securities on Wednesday, August 9. The firm has “Outperform” rating by Raymond James given on Monday, May 14. The firm has “Buy” rating by Wells Fargo given on Wednesday, August 9. JMP Securities downgraded the shares of UIHC in report on Wednesday, November 2 to “Mkt Underperform” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, September 20. As per Thursday, August 17, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating given on Monday, January 15 by Keefe Bruyette & Woods. The company was downgraded on Tuesday, January 19 by JMP Securities. The company was upgraded on Thursday, February 9 by Raymond James.

Since May 15, 2018, it had 1 insider buy, and 0 selling transactions for $51,355 activity.

Analysts await United Insurance Holdings Corp. (NASDAQ:UIHC) to report earnings on November, 5. They expect $0.28 EPS, up 156.00% or $0.78 from last year’s $-0.5 per share. UIHC’s profit will be $11.99M for 18.60 P/E if the $0.28 EPS becomes a reality. After $0.36 actual EPS reported by United Insurance Holdings Corp. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Investors sentiment increased to 1.24 in Q1 2018. Its up 0.17, from 1.07 in 2017Q4. It increased, as 6 investors sold UIHC shares while 32 reduced holdings. 11 funds opened positions while 36 raised stakes. 13.04 million shares or 3.50% less from 13.51 million shares in 2017Q4 were reported. Ancora Llc holds 0.06% or 70,545 shares in its portfolio. 1,500 are owned by Thompson Siegel Walmsley. Ameritas Invest Partners Inc owns 1,483 shares. Prescott Cap Mgmt Lc holds 0.19% or 45,217 shares in its portfolio. 113 are held by Royal Fincl Bank Of Canada. 19,710 were reported by Buckhead Cap Limited Liability Corporation. Raymond James & Associate invested 0.01% in United Insurance Holdings Corp. (NASDAQ:UIHC). 14,421 were reported by Quinn Opportunity Ptnrs Limited Liability Company. Group Inc One Trading LP reported 15,576 shares stake. Morgan Stanley reported 0% in United Insurance Holdings Corp. (NASDAQ:UIHC). State Of Tennessee Treasury Department holds 14,749 shares or 0% of its portfolio. Ls Investment Advsr Lc owns 657 shares for 0% of their portfolio. American Grp invested in 13,169 shares or 0% of the stock. Stadium Management Lc reported 6.7% of its portfolio in United Insurance Holdings Corp. (NASDAQ:UIHC). Lsv Asset Mngmt, a Illinois-based fund reported 61,100 shares.

Another recent and important United Insurance Holdings Corp. (NASDAQ:UIHC) news was published by Seekingalpha.com which published an article titled: “United Insurance Holdings Corp (UIHC) CEO John Forney on Q2 2018 Results – Earnings Call Transcript” on August 02, 2018.

Stadium Capital Management Llc, which manages about $639.76 million and $222.98 million US Long portfolio, upped its stake in Computer Programs & Systems Inc (NASDAQ:CPSI) by 59,955 shares to 728,888 shares, valued at $21.28M in 2018Q1, according to the filing. It also increased its holding in Civitas Solutions Inc (NYSE:CIVI) by 1.19 million shares in the quarter, for a total of 3.00 million shares, and has risen its stake in Builders Firstsource Inc (NASDAQ:BLDR).

More important recent Motorcar Parts of America, Inc. (NASDAQ:MPAA) news were published by: Nasdaq.com which released: “Motorcar Parts of America Appoints CEO of Diagnostic and Testing Business” on July 18, 2018, also Nasdaq.com published article titled: “Investor Expectations to Drive Momentum within Coca-Cola Bottling Co. Consolidated, Motorcar Parts of America …”, Nasdaq.com published: “Motorcar Parts of America to Report Fiscal 2019 First Quarter Results; Host Conference Call” on August 02, 2018. More interesting news about Motorcar Parts of America, Inc. (NASDAQ:MPAA) was released by: Benzinga.com and their article: “68 Stocks Moving In Thursday’s Mid-Day Session” with publication date: August 09, 2018.

Since February 12, 2018, it had 5 buys, and 0 selling transactions for $60,811 activity. On Monday, February 26 the insider VARGO TIMOTHY D bought $9,970. The insider Lee David Sung bought $19,929. Bryan David had bought 125 shares worth $2,496. 750 shares valued at $15,750 were bought by Ferguson Joseph Edwin on Monday, February 12. Shares for $9,636 were bought by Miller Duane Franklin on Wednesday, February 14. Mirvis Jeffrey P bought $21,086 worth of stock or 1,000 shares.

Wcm Investment Management, which manages about $10.69 billion US Long portfolio, decreased its stake in Dycom Inds Inc (NYSE:DY) by 21,114 shares to 61,511 shares, valued at $6.62M in 2018Q1, according to the filing. It also reduced its holding in Kmg Chemicals Inc (NYSE:KMG) by 16,110 shares in the quarter, leaving it with 26,114 shares, and cut its stake in Virtus Invt Partners Inc (NASDAQ:VRTS).

Among 7 analysts covering Motorcar Parts of America (NASDAQ:MPAA), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Motorcar Parts of America had 17 analyst reports since August 11, 2015 according to SRatingsIntel. As per Friday, June 15, the company rating was downgraded by Roth Capital. TH Capital maintained the shares of MPAA in report on Tuesday, November 10 with “Buy” rating. The rating was initiated by Sidoti with “Buy” on Wednesday, September 9. The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) has “Buy” rating given on Tuesday, August 11 by B. Riley & Co. The company was maintained on Friday, February 9 by FBR Capital. The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) has “Buy” rating given on Thursday, November 10 by B. Riley & Co. Roth Capital maintained the shares of MPAA in report on Tuesday, August 8 with “Buy” rating. The firm earned “Buy” rating on Tuesday, August 11 by TH Capital. The firm has “Buy” rating by Roth Capital given on Tuesday, November 10. Zacks upgraded Motorcar Parts of America, Inc. (NASDAQ:MPAA) on Monday, August 17 to “Sell” rating.

United Insurance Holdings Corp. (NASDAQ:UIHC) Institutional Positions Chart

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