683 Capital Management LLC Has $30.88 Million Position in UWM Holdings Corporation $UWMC

683 Capital Management LLC trimmed its position in UWM Holdings Corporation (NYSE:UWMC) by 4.7% in the 4th quarter, Holdings Channel reports. The firm owned 7,050,518 shares of the company’s stock after selling 349,482 shares during the quarter. UWM accounts for 1.3% of 683 Capital Management LLC’s holdings, making the stock its 9th largest position. 683 Capital Management LLC’s holdings in UWM were worth $30,881,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the period. Raymond James Financial Inc. bought a new stake in shares of UWM during the 2nd quarter worth $35,000. Farther Finance Advisors LLC lifted its holdings in shares of UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after acquiring an additional 8,027 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of UWM during the 3rd quarter worth $38,000. Finally, Quent Long Short Global Small Cap Fund LP bought a new stake in shares of UWM during the 4th quarter worth $44,000. 53.59% of the stock is owned by institutional investors.

Insider Activity

In other UWM news, CEO Ishbia Mat sold 1,003,333 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $3.57, for a total value of $3,581,898.81. Following the transaction, the chief executive officer owned 2,995,754 shares in the company, valued at approximately $10,694,841.78. The trade was a 25.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,941,486 shares of company stock valued at $84,173,589 in the last 90 days. 80.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UWMC has been the subject of a number of research analyst reports. BTIG Research dropped their price objective on shares of UWM to $4.00 and set a “buy” rating for the company in a report on Tuesday. Argus raised shares of UWM to a “hold” rating in a report on Tuesday, March 31st. Barclays dropped their price objective on shares of UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $5.50 price objective on shares of UWM in a report on Thursday, May 7th. Finally, Stephens initiated coverage on shares of UWM in a report on Friday, April 24th. They set an “equal weight” rating and a $4.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.19.

UWM Stock Performance

UWM stock opened at $2.28 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13. The company has a market capitalization of $3.64 billion, a PE ratio of 8.43 and a beta of 1.72. The firm has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $4.19. UWM Holdings Corporation has a twelve month low of $2.25 and a twelve month high of $7.14.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. UWM had a net margin of 1.92% and a return on equity of 19.01%. The firm had revenue of $901.43 million for the quarter, compared to analysts’ expectations of $709.85 million. Research analysts expect that UWM Holdings Corporation will post 0.38 EPS for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 17.6%. UWM’s payout ratio is presently 148.15%.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.