United Insurance Holdings Corp. (UIHC) Stock: GMT Capital Unloads Some Shares

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G/A

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.1)*

United Insurance Holdings, Corp
——————————————————————————-
(Name of Issuer)

COMMON STOCK, $0.0001 Par Value
——————————————————————————-
(Title of Class of Securities)

910710102

——————————————————————————-
(CUSIP Number)

October 17, 2016
——————————————————————————-
(Date of Event which Requires Filing of this Statement)

CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:

[x] RULE 13D-1(B)

[ ] RULE 13D-1(C)

[ ] RULE 13D-1(D)

*THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING
PERSON’S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF
SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH
WOULD ALTER DISCLOSURES PROVIDED IN A PRIOR COVER PAGE.

THE INFORMATION REQUIRED ON THE REMAINDER OF THIS COVER PAGE SHALL NOT
BE DEEMED TO BE “FILED” FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES
EXCHANGE ACT OF 1934 (THE “ACT”) OR OTHERWISE SUBJECT TO THE LIABILITIES
OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS
OF THE ACT (HOWEVER, SEE THE NOTES).

Page 1 of 10 Pages

CUSIP NO. 910710102

– ————————————————————————–
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Bay Resource Partners, L.P.
– ————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]

(b) [ ]

– ————————————————————————–
3 SEC USE ONLY

– ————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
– ————————————————————————–
5 SOLE VOTING POWER

NUMBER OF NONE
SHARES
BENEFICIALLY ————————————————-
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 224,130
PERSON ————————————————-
WITH 7 SOLE DISPOSITIVE POWER

NONE
————————————————-
8 SHARED DISPOSITIVE POWER

224,130
– ————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

224,130
– ————————————————————————–
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)

– ————————————————————————–
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.04%

– ————————————————————————–
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
– ————————————————————————–

Page 2 of 10 Pages

CUSIP NO. 910710102
———

– ————————————————————————–
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Bay II Resource Partners, L.P.
– ————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]

(b) [ ]

– ————————————————————————–
3 SEC USE ONLY

– ————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
– ————————————————————————–
5 SOLE VOTING POWER

NUMBER OF NONE
SHARES
BENEFICIALLY ————————————————-
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 144,060
PERSON ————————————————-
WITH 7 SOLE DISPOSITIVE POWER

NONE
————————————————-
8 SHARED DISPOSITIVE POWER

144,060
– ————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

144,060
– ————————————————————————–

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)

– ————————————————————————–
11 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.67%

– ————————————————————————–
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
– ————————————————————————–
Page 3 of 10 Pages

CUSIP NO. 910710102
———

– ————————————————————————–
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Bay Resource Partners Offshore Master Fund, L.P.
– ————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]

(b) [ ]

– ————————————————————————–
3 SEC USE ONLY

– ————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands
– ————————————————————————–
5 SOLE VOTING POWER

NUMBER OF NONE
SHARES
BENEFICIALLY ————————————————-
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 308,980
PERSON ————————————————-
WITH 7 SOLE DISPOSITIVE POWER

NONE
————————————————-
8 SHARED DISPOSITIVE POWER

308,980
– ————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

308,980
– ————————————————————————–
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)

– ————————————————————————–
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.43%

– ————————————————————————–
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
– ————————————————————————–

Page 4 of 10 Pages

CUSIP NO. 910710102
———

– ————————————————————————–
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

GMT Capital Corp.
– ————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]

(b) [ ]

– ————————————————————————–
3 SEC USE ONLY

– ————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION

State of Georgia
– ————————————————————————–
5 SOLE VOTING POWER

NUMBER OF NONE
SHARES
BENEFICIALLY ————————————————-
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 744,010
PERSON ————————————————-
WITH 7 SOLE DISPOSITIVE POWER

NONE
————————————————-
8 SHARED DISPOSITIVE POWER

744,010
– ————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

744,010
– ————————————————————————–
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)

– ————————————————————————–
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.44%

– ————————————————————————–
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO

– ————————————————————————–

Page 5 of 10 Pages

CUSIP NO. 910710102
———

– ————————————————————————–
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Thomas E. Claugus
– ————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]

(b) [ ]

– ————————————————————————–
3 SEC USE ONLY

– ————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION

State of Georgia
– ————————————————————————–
5 SOLE VOTING POWER

NUMBER OF NONE
SHARES
BENEFICIALLY ————————————————-
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 744,010
PERSON ————————————————-
WITH 7 SOLE DISPOSITIVE POWER

NONE
————————————————-
8 SHARED DISPOSITIVE POWER

744,010
– ————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

744,010
– ————————————————————————–
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)

– ————————————————————————–
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.44%

– ————————————————————————–
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

– ————————————————————————–

Page 6 of 10 Pages

ITEM 1(A) NAME OF ISSUER:

United Insurance Holdings, Corp

ITEM 1(B) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

360 Central Avenue, Suite 900
St. Petersburg, FL 33701

ITEM 2(a) NAME OF PERSON FILING:

(i) Bay Resource Partners, L.P. (Bay), with respect to
shares of Common Stock directly owned by it.

(ii) Bay II Resource Partners, L.P. (Bay II), with
respect to shares of Common Stock directly owned by it.

(iii) Bay Resource Partners Offshore Fund, Ltd. (Offshore
Fund) with respect to shares of Common Stock directly
owned by it.

(iv) GMT Capital Corp. (GMT Capital) with respect to
shares of Common Stock beneficially owned by it.

(v) Thomas E. Claugus, (Mr. Claugus), with respect to the
shares of Common Stock directly owned by him and
directly owned by each of Bay, Bay II, the
Offshore Fund and GMT Capital separate account
clients.

The foregoing persons are hereinafter sometimes
collectively referred to as the Reporting Persons. Any
disclosures herein with respect to persons other than the
Reporting Persons are made on information and believe after
making inquiry to the appropriate party.

ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:

The address of the business office of each of the Reporting
Persons is 2300 Windy Ridge Parkway, Ste. 550 South, Atlanta,
GA 30339.

ITEM 2(c) CITIZENSHIP:

Bay and Bay II are limited partnerships organized under the
laws of the State of Delaware. The Offshore Fund is an
exempted company organized under the laws of the Cayman
Islands. GMT Capital is a Georgia corporation. Mr.
Claugus is a United States citizen.

ITEM 2(d) TITLE OF CLASS OF SECURITIES:

Common Stock, $0.0001 par value

Page 7 of 10 Pages

ITEM 2(e) CUSIP NUMBER:

910710102

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13D-1(B) OR SS.
240.13d-2(B) or (C), CHECK WHETHER THE PERSON FILING IS A:

(a) [ ] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

ITEM 4. OWNERSHIP:

This Amendment is being filed with respect to an aggregate
of 744,010 shares of Common Stock, resulting in beneficial
ownership of Common Stock as follows:

1. Bay Resource Partners, L.P.,
(a) Amount Beneficially owned: 224,130
(b) Percent of Class: 1.04%

Page 8 of 10 Pages

(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 224,130
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 224,130

2. Bay II Resource Partners, L.P.
(a) Amount Beneficially owned: 144,060
(b) Percent of Class: 0.67%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 144,060
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 144,060

3. Bay Resource Partners Offshore Fund, Ltd.
(a) Amount Beneficially owned: 308,980
(b) Percent of Class: 2.4%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 308,980
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
308,980

4. GMT Capital Corp.
(a) Amount Beneficially owned: 744,010
(b) Percent of Class: 3.44%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 744,010
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 744,010

5. Thomas E. Claugus
(a) Amount Beneficially owned: 744,010
(b) Percent of Class: 3.44%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 744,010
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 744,010

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
[X] As of the date of this Report, the aggregate beneficial
ownership of the Reporting Persons had been reduced to
below five percent (5%).

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
GMT Capital, the general partner of Bay and Bay II, has the
power to direct the affairs of Bay and Bay II, including
the voting and disposition of shares. As the discretionary
investment manager of the Offshore Fund and certain other
accounts, GMT Capital has power to direct the voting and
disposition of shares held by the Offshore Fund and such
accounts. Mr. Claugus is the President of GMT Capital and
in that capacity directs the operations of each of Bay
and Bay II and the voting and disposition of shares held
by the Offshore Fund and separate client accounts managed
by GMT Capital.

Page 9 of 10 Pages

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
CONTROL PERSON.

N/A

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

See Item 2.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

N/A

ITEM 10. CERTIFICATION.

By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge
and belief, I hereby certify that the information set forth in this statement
is true, complete and correct.

October 17, 2016

/s/ Philip J. Meyers
———————————-
Philip J. Meyers, as Vice
President of GMT Capital Corp.,
for itself and as the general
partner of (i) Bay Resource
Partners, L.P. and (ii) Bay II
Resource Partners, L.P., and
as the investment manager of
(iii) Bay Resource Partners
Offshore Master Fund, L.P. and
(iv) certain other accounts
and for Thomas E. Claugus.

Page 10 of 10 Pages