Capital Fund Management S.A. Purchases New Shares in UWM Holdings Corporation $UWMC

Key Points

• Capital Fund Management S.A. acquired 158,916 shares of UWM Holdings Corporation, valued at approximately $868,000, during the first quarter.
• CEO Ishbia Mat sold 400,036 shares for over $2.29 million, reducing his ownership stake by 16.01%.
• UWM recently announced a $0.10 quarterly dividend with an upcoming ex-dividend date, indicating a 6.9% dividend yield.

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

Several other hedge funds have also made changes to their positions in UWMC. GAMMA Investing LLC increased its position in shares of UWM by 101.8% during the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after acquiring an additional 2,958 shares during the period. Sherbrooke Park Advisers LLC boosted its holdings in UWM by 17.4% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock valued at $118,000 after purchasing an additional 2,975 shares during the period. Mariner LLC grew its stake in UWM by 5.1% during the 4th quarter. Mariner LLC now owns 64,455 shares of the company's stock worth $378,000 after purchasing an additional 3,126 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in UWM by 13.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock worth $174,000 after purchasing an additional 3,524 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in UWM by 10.9% during the 1st quarter. Bleakley Financial Group LLC now owns 44,059 shares of the company's stock worth $241,000 after purchasing an additional 4,336 shares during the period. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 400,036 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $5.68, for a total value of $2,272,204.48. Following the completion of the sale, the chief executive officer directly owned 1,298,200 shares of the company's stock, valued at approximately $7,373,776. The trade was a 23.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 12,001,080 shares of company stock worth $54,528,907 in the last 90 days. 87.50% of the stock is currently owned by insiders.

UWM Stock Up 1.9%

UWMC stock traded up $0.11 during midday trading on Friday, reaching $5.69. 7,868,479 shares of the company were exchanged, compared to its average volume of 10,562,650. The company has a market cap of $9.09 billion, a price-to-earnings ratio of -113.70 and a beta of 1.70. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.55 and a current ratio of 1.55. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $9.45. The stock's 50-day simple moving average is $4.62 and its 200 day simple moving average is $4.89.

UWM (NYSE:UWMC - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.10. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. The business had revenue of $758.70 million during the quarter, compared to analysts' expectations of $621.60 million. On average, equities analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.40 annualized dividend and a dividend yield of 7.0%. UWM's dividend payout ratio (DPR) is presently -800.00%.

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.