Investors Purchase Large Volume of Call Options on UWM (NYSE:UWMC)

UWM Holdings Corporation (NYSE:UWMCGet Free Report) saw unusually large options trading activity on Tuesday. Stock traders purchased 5,109 call options on the company. This is an increase of 55% compared to the average daily volume of 3,296 call options.

Analyst Ratings Changes

UWMC has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and set a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. The Goldman Sachs Group decreased their target price on shares of UWM from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods decreased their target price on shares of UWM from $7.50 to $6.50 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Finally, UBS Group raised shares of UWM from a “sell” rating to a “neutral” rating and decreased their target price for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, UWM presently has a consensus rating of “Hold” and an average price target of $6.86.

View Our Latest Report on UWMC

UWM Price Performance

Shares of UWMC opened at $3.99 on Thursday. The company has a market capitalization of $6.37 billion, a P/E ratio of -30.65 and a beta of 1.70. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.87. The firm has a 50 day moving average of $4.31 and a 200 day moving average of $5.40. UWM has a twelve month low of $3.80 and a twelve month high of $9.74.

UWM (NYSE:UWMCGet Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. As a group, equities research analysts anticipate that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.04%. The ex-dividend date is Wednesday, June 18th. UWM’s dividend payout ratio (DPR) is currently -307.69%.

Insider Buying and Selling

In other UWM news, CEO Ishbia Mat sold 400,036 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $3.99, for a total transaction of $1,596,143.64. Following the completion of the transaction, the chief executive officer now owns 4,099,964 shares of the company’s stock, valued at approximately $16,358,856.36. This trade represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 87.50% of the stock is owned by insiders.

Institutional Investors Weigh In On UWM

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock worth $32,000 after purchasing an additional 2,958 shares during the last quarter. Signaturefd LLC boosted its holdings in UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock worth $45,000 after purchasing an additional 4,693 shares during the last quarter. Quarry LP purchased a new stake in UWM in the first quarter worth approximately $53,000. Focus Partners Wealth purchased a new stake in UWM in the first quarter worth approximately $55,000. Finally, Independent Advisor Alliance purchased a new stake in UWM in the first quarter worth approximately $58,000. Institutional investors own 53.59% of the company’s stock.

About UWM

(Get Free Report)

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.

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