Quantbot Technologies LP Purchases 140,628 Shares of UWM Holdings Corporation $UWMC

Key Points

• Quantbot Technologies LP increased its stake in UWM Holdings Corporation by 53.4%, purchasing an additional 140,628 shares, which brings its total holdings to 404,164 shares valued at approximately $2.2 million.
• UWM's CEO, Ishbia Mat, sold 400,036 shares for over $2.14 million, reflecting an 8.89% decrease in their position, while insiders have sold a total of 10.4 million shares in the past ninety days.
• The company declared a quarterly dividend of $0.10 per share, to be paid on October 9th, representing a dividend yield of 7.2%, although the payout ratio is currently negative at -800.00%.

Quantbot Technologies LP increased its position in UWM Holdings Corporation (NYSE:UWMC - Free Report) by 53.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,164 shares of the company's stock after purchasing an additional 140,628 shares during the quarter. Quantbot Technologies LP's holdings in UWM were worth $2,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UWMC. GAMMA Investing LLC grew its stake in 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 purchasing an additional 2,958 shares in the last quarter. Signaturefd LLC grew its stake in UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after purchasing an additional 4,693 shares in the last quarter. Independent Advisor Alliance bought a new position in UWM in the first quarter worth approximately $58,000. SYM FINANCIAL Corp bought a new position in UWM in the first quarter worth approximately $64,000. Finally, Sequoia Financial Advisors LLC bought a new position in UWM in the first quarter worth approximately $65,000. Institutional investors own 53.59% of the company's stock.

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 400,036 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $5.35, for a total transaction of $2,140,192.60. Following the completion of the sale, the chief executive officer owned 4,098,452 shares in the company, valued at approximately $21,926,718.20. This represents a 8.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 10,400,936 shares of company stock worth $45,412,087. Corporate insiders own 87.50% of the company's stock.

UWM Stock Down 1.2%

UWM stock opened at $5.5350 on Thursday. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $9.74. The business has a fifty day moving average of $4.40 and a two-hundred day moving average of $4.91. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.85. The firm has a market cap of $8.85 billion, a P/E ratio of -110.70 and a beta of 1.70.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.06 by $0.10. UWM had a negative return on equity of 5.56% and a net margin of 0.48%.The firm had revenue of $758.70 million during the quarter, compared to analyst estimates of $621.60 million. On average, analysts forecast 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. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, September 18th. UWM's dividend payout ratio is currently -800.00%.

Analyst Upgrades and Downgrades

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

UWM Company 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.

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