Capital Fund Management S.A. Purchases Shares of 158,916 UWM Holdings Corporation $UWMC

Capital Fund Management S.A. purchased a new stake in shares of UWM Holdings Corporation (NYSE:UWMC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 158,916 shares of the company’s stock, valued at approximately $868,000.

Other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in UWM by 15.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 408,182 shares of the company’s stock valued at $2,229,000 after purchasing an additional 54,160 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in UWM by 112.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 118,720 shares of the company’s stock valued at $648,000 after purchasing an additional 62,862 shares in the last quarter. Wells Fargo & Company MN increased its stake in UWM by 9.9% in the fourth quarter. Wells Fargo & Company MN now owns 64,970 shares of the company’s stock valued at $381,000 after purchasing an additional 5,849 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in UWM in the first quarter valued at $65,000. Finally, GAMMA Investing LLC increased its stake in UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock valued at $32,000 after purchasing an additional 2,958 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

Insider Activity

In other news, CEO Ishbia Mat sold 400,036 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $5.73, for a total value of $2,292,206.28. Following the completion of the sale, the chief executive officer owned 2,098,272 shares in the company, valued at $12,023,098.56. This represents a 16.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 11,601,044 shares of company stock valued at $52,256,703. Corporate insiders own 94.11% of the company’s stock.

UWM Stock Up 1.5%

UWM stock opened at $5.78 on Wednesday. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $9.45. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of -115.50 and a beta of 1.70. The firm’s fifty day moving average price is $4.52 and its two-hundred day moving average price is $4.89. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.85.

UWM (NYSE:UWMC) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. The firm had revenue of $758.70 million for the quarter, compared to analyst estimates of $621.60 million. On average, equities research analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.40 annualized dividend and a dividend yield of 6.9%. UWM’s dividend payout ratio is presently -800.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays upgraded UWM from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods downgraded UWM from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $6.50 to $4.50 in a report on Thursday, July 10th. The Goldman Sachs Group decreased their price objective on UWM from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.54.

UWM Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.