UWM Holdings Corporation $UWMC Shares Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in UWM Holdings Corporation by 435.8% during Q1, owning a total of 207,246 shares valued at approximately $1.13 million.
• Barclays upgraded UWM shares from an "equal weight" rating to "overweight" with a price target of $6.00, while other firms adjusted targets, reflecting a mixed outlook on the stock.
• UWM Holdings announced a quarterly dividend of $0.10 per share, representing a 7.0% dividend yield and a payout ratio currently reported at -800.00%.

Ieq Capital LLC raised its holdings in UWM Holdings Corporation (NYSE:UWMC - Free Report) by 435.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 207,246 shares of the company's stock after buying an additional 168,567 shares during the quarter. Ieq Capital LLC's holdings in UWM were worth $1,132,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC raised its stake in UWM by 101.8% in the 1st 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. Signaturefd LLC raised its position in UWM by 135.4% during the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after buying an additional 4,693 shares during the last quarter. Independent Advisor Alliance acquired a new stake in UWM during the 1st quarter valued at approximately $58,000. SYM FINANCIAL Corp acquired a new stake in UWM during the 1st quarter valued at approximately $64,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in UWM during the 1st quarter worth about $65,000. Hedge funds and other institutional investors own 53.59% of the company's stock.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 400,036 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $5.59, for a total value of $2,236,201.24. Following the sale, the chief executive officer owned 4,298,092 shares of the company's stock, valued at $24,026,334.28. This trade represents a 8.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 12,801,152 shares of company stock worth $59,045,314. 94.11% of the stock is owned by corporate insiders.

UWM Trading Up 1.5%

UWMC traded up $0.09 during mid-day trading on Wednesday, hitting $5.67. 4,870,331 shares of the stock were exchanged, compared to its average volume of 10,135,006. The firm's fifty day moving average is $4.71 and its two-hundred day moving average is $4.87. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $9.43. The company has a market cap of $9.06 billion, a PE ratio of -113.30 and a beta of 1.76. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.85.

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

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Thursday, September 18th. UWM's payout ratio is presently -800.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays upgraded shares of UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price objective for the company in a research report on Tuesday, July 8th. 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. Finally, The Goldman Sachs Group decreased their target price on shares of UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.54.

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.