374,053 Shares in UWM Holdings Corporation $UWMC Bought by Nishkama Capital LLC

Key Points

• Nishkama Capital LLC has acquired a new stake of 374,053 shares in UWM Holdings Corporation, valued at approximately $2,042,000.
• UWM's stock was upgraded to a "hold" rating by Wall Street Zen, with an average price target of $5.54, amidst varying opinions from several research firms.
• The company recently announced a quarterly dividend of $0.10 per share, representing an annualized yield of 6.9%; however, its payout ratio stands at -800.00%.

Nishkama Capital LLC acquired a new position in shares of UWM Holdings Corporation (NYSE:UWMC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 374,053 shares of the company's stock, valued at approximately $2,042,000.

Several other large investors have also recently added to or reduced their stakes in UWMC. Wells Fargo & Company MN grew its stake in UWM by 9.9% during the fourth quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock worth $381,000 after buying an additional 5,849 shares during the last quarter. Barclays PLC grew its stake in UWM by 487.6% during the fourth quarter. Barclays PLC now owns 152,912 shares of the company's stock worth $899,000 after buying an additional 126,890 shares during the last quarter. Mariner LLC grew its stake in UWM by 5.1% during the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock worth $378,000 after buying an additional 3,126 shares during the last quarter. Marshall Wace LLP grew its stake in UWM by 58.7% during the fourth quarter. Marshall Wace LLP now owns 232,259 shares of the company's stock worth $1,363,000 after buying an additional 85,889 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in UWM by 886.9% during the fourth quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock worth $21,880,000 after buying an additional 3,349,779 shares during the last quarter. 53.59% of the stock is owned by institutional investors.

UWM Trading Up 1.9%

NYSE UWMC traded up $0.11 during trading hours on Friday, hitting $5.69. The company's stock had a trading volume of 7,868,479 shares, compared to its average volume of 10,562,650. The stock has a fifty day moving average of $4.62 and a 200 day moving average of $4.89. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $9.45. The firm has a market capitalization of $9.09 billion, a P/E ratio of -113.70 and a beta of 1.70. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.85.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share 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 for the quarter, compared to analyst estimates of $621.60 million. Equities research analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 400,036 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.68, for a total value of $2,272,204.48. Following the sale, the chief executive officer directly owned 1,298,200 shares in the company, valued at approximately $7,373,776. This trade represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 12,001,080 shares of company stock valued at $54,528,907 in the last quarter. Company insiders own 87.50% of the company's stock.

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.