Capital Fund Management S.A. Boosts Stock Holdings in UWM Holdings Corporation $UWMC

Capital Fund Management S.A. increased its position in UWM Holdings Corporation (NYSE:UWMC) by 260.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 573,583 shares of the company’s stock after acquiring an additional 414,667 shares during the period. Capital Fund Management S.A.’s holdings in UWM were worth $2,375,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of UWM in the 2nd quarter worth $51,000. Quarry LP bought a new position in shares of UWM during the first quarter valued at $53,000. Focus Partners Wealth purchased a new stake in shares of UWM during the first quarter valued at $55,000. Independent Advisor Alliance bought a new stake in UWM in the 1st quarter worth about $58,000. Finally, PNC Financial Services Group Inc. raised its position in UWM by 79.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,467 shares of the company’s stock worth $60,000 after buying an additional 6,395 shares during the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

UWM Stock Performance

Shares of UWM stock opened at $5.66 on Thursday. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14. The company’s fifty day simple moving average is $5.57 and its 200-day simple moving average is $5.09. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40.

UWM (NYSE:UWMC) last announced its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The company had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. On average, equities analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, December 18th.

Insider Activity

In related news, CEO Ishbia Mat sold 612,287 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $5.80, for a total value of $3,551,264.60. Following the completion of the sale, the chief executive officer directly owned 9,241,556 shares of the company’s stock, valued at approximately $53,601,024.80. This represents a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 21,348,811 shares of company stock worth $123,446,643. Insiders own 87.50% of the company’s stock.

Analysts Set New Price Targets

UWMC has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Morgan Stanley downgraded shares of UWM from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $4.50 to $6.50 in a research report on Monday, September 29th. UBS Group increased their price target on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $10.00 price objective on shares of UWM in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UWM presently has an average rating of “Hold” and a consensus price target of $6.54.

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.