Cwm LLC Buys 103,770 Shares of UWM Holdings Corporation (NYSE:UWMC)

CWM LLC lifted its holdings in shares of UWM Holdings Corporation (NYSE:UWMC - Free Report) by 865.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,764 shares of the company's stock after acquiring an additional 103,770 shares during the period. CWM LLC's holdings in UWM were worth $632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UWMC. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 2,958 shares during the last quarter. Sherbrooke Park Advisers LLC raised its holdings in shares of UWM by 17.4% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock worth $118,000 after acquiring an additional 2,975 shares during the last quarter. Mariner LLC raised its holdings in shares of UWM by 5.1% in the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock worth $378,000 after acquiring an additional 3,126 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of UWM by 13.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock worth $174,000 after acquiring an additional 3,524 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of UWM by 60.3% in the first quarter. Parallel Advisors LLC now owns 15,175 shares of the company's stock worth $83,000 after acquiring an additional 5,709 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

UWM Stock Down 2.9%

Shares of UWM stock traded down $0.13 during trading hours on Friday, reaching $4.26. 5,518,973 shares of the company's stock were exchanged, compared to its average volume of 5,261,458. The company has a 50 day moving average of $4.20 and a two-hundred day moving average of $5.08. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $9.74. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.87. The stock has a market cap of $6.80 billion, a P/E ratio of -32.73 and a beta of 1.68.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.29). UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. The firm had revenue of $613.37 million for the quarter, compared to analyst estimates of $558.80 million. On average, sell-side analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend was Wednesday, June 18th. UWM's payout ratio is -307.69%.

Insiders Place Their Bets

In related news, CEO Ishbia Mat sold 400,036 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $4.22, for a total transaction of $1,688,151.92. Following the sale, the chief executive officer owned 1,499,352 shares of the company's stock, valued at approximately $6,327,265.44. This represents a 21.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 6,000,540 shares of company stock valued at $25,166,265 in the last 90 days. 87.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have 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 note on Wednesday, July 2nd. Barclays raised UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 target price for the company in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods downgraded UWM from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $6.50 to $4.50 in a research report on Thursday, July 10th. Finally, UBS Group raised UWM from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.18.

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.