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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UWMC. Wells Fargo & Company MN lifted its position in shares of UWM by 9.9% during the 4th quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock valued at $381,000 after buying an additional 5,849 shares in the last quarter. Barclays PLC lifted its position in shares of UWM by 487.6% during the 4th quarter. Barclays PLC now owns 152,912 shares of the company's stock valued at $899,000 after buying an additional 126,890 shares in the last quarter. Mariner LLC lifted its position in shares of UWM by 5.1% during the 4th quarter. Mariner LLC now owns 64,455 shares of the company's stock valued at $378,000 after buying an additional 3,126 shares in the last quarter. Marshall Wace LLP lifted its position in shares of UWM by 58.7% during the 4th quarter. Marshall Wace LLP now owns 232,259 shares of the company's stock valued at $1,363,000 after buying an additional 85,889 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of UWM by 13.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock valued at $174,000 after buying an additional 3,524 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CEO Ishbia Mat sold 400,036 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $4.22, for a total value of $1,688,151.92. Following the completion of the transaction, the chief executive officer directly owned 1,499,352 shares in the company, valued at approximately $6,327,265.44. This represents a 21.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 12,001,080 shares of company stock valued at $54,528,907 in the last ninety days. Corporate insiders own 94.11% of the company's stock.

UWM Trading Up 1.9%

UWM stock traded up $0.11 during trading on Monday, reaching $5.69. 7,868,479 shares of the company were exchanged, compared to its average volume of 10,397,731. The company has a market capitalization of $9.09 billion, a P/E ratio of -113.70 and a beta of 1.75. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $9.45. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. The stock's 50 day simple moving average is $4.65 and its two-hundred day simple moving average is $4.86.

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

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, September 18th. UWM's dividend payout ratio is presently -800.00%.

About UWM

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.