Pico Holdings Inc is Buying Ucp Inc. (NYSE:UCP) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ucp Inc. (NYSE:UCP) reported that Pico Holdings Inc /new has picked up 10,401,722 of common stock as of 2017-04-11.

The acquisition brings the aggregate amount owned by Pico Holdings Inc /new to a total of 10,401,722 representing a 56.7% stake in the company.

For those not familiar with the company, UCP, Inc. is a homebuilder and land developer with a focus on residential land acquisition, development and entitlement, as well as home design, construction and sales. The Company operates in two segments: homebuilding and land development. The homebuilding and land segments include two geographic regions: West and Southeast. The Company operates in the states of California, Washington, North Carolina, South Carolina, and Tennessee. In California, the Company primarily operates in the Central Valley area (Fresno and Madera counties), the Monterey Bay area (Monterey County), the South San Francisco Bay area (Santa Clara and San Benito counties) and in Southern California (Los Angeles, Ventura and Kern counties). In Washington State, it operates in the Puget Sound area (King, Snohomish, Thurston and Kitsap counties). In North Carolina, South Carolina and Tennessee, its operations are in the Charlotte, Myrtle Beach and Nashville markets.

A glance at Ucp Inc. (NYSE:UCP)’s key stats reveals a current market capitalization of 89.45 Million based on 7.96 Million shares outstanding and a price at last close of $11.32 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-18, Cortney picked up 9,743 at a purchase price of $7.45. This brings their total holding to 25,493 as of the date of the filing.

On the sell side, the most recent transaction saw Buckingham unload 12,289 shares at a sale price of $12.03. This brings their total holding to 921,327.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ucp Inc. (NYSE:UCP) as things move forward to see if its progress aligns with these transactions.

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