UWM Holdings Corporation $UWMC Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies cut its UWM stake by 79.1% in Q3, selling 606,474 shares and ending the period with 160,693 shares valued at about $979,000.
• CEO Ishbia Mat sold 632,874 shares on March 5 for roughly $2.6 million, and insiders have sold about 19.78 million shares in the past 90 days while insiders still reportedly own 87.50% of the company.
• UWM declared a $0.10 quarterly dividend (annualized yield ~10.4%) despite a 666.7% payout ratio; analysts have a consensus Hold rating with an average target of $6.20 while the stock trades near $3.85.

Quantbot Technologies LP lowered its position in shares of UWM Holdings Corporation (NYSE:UWMC - Free Report) by 79.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,693 shares of the company's stock after selling 606,474 shares during the period. Quantbot Technologies LP's holdings in UWM were worth $979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of UWM by 408.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock valued at $33,000 after purchasing an additional 4,344 shares during the period. Raymond James Financial Inc. acquired a new position in UWM during the second quarter worth approximately $35,000. Focus Partners Wealth acquired a new position in UWM during the first quarter worth approximately $55,000. PNC Financial Services Group Inc. lifted its stake in UWM by 79.2% in the second quarter. PNC Financial Services Group Inc. now owns 14,467 shares of the company's stock valued at $60,000 after buying an additional 6,395 shares during the last quarter. Finally, Moment Partners LLC acquired a new stake in shares of UWM in the third quarter valued at approximately $61,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 632,874 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $4.11, for a total transaction of $2,601,112.14. Following the transaction, the chief executive officer owned 6,133,415 shares in the company, valued at approximately $25,208,335.65. The trade was a 9.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 19,776,939 shares of company stock valued at $98,549,815. 87.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research cut shares of UWM from a "hold" rating to a "strong sell" rating in a report on Friday, February 27th. Wall Street Zen upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Saturday, February 28th. Jefferies Financial Group set a $4.40 target price on shares of UWM in a research note on Wednesday, February 25th. The Goldman Sachs Group set a $5.00 price target on UWM in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods dropped their price target on UWM from $6.75 to $6.00 and set a "market perform" rating on the stock in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, UWM currently has a consensus rating of "Hold" and an average target price of $6.20.

UWM Stock Performance

NYSE:UWMC opened at $3.85 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 64.17 and a beta of 1.90. The firm's fifty day moving average price is $4.94 and its 200 day moving average price is $5.41. UWM Holdings Corporation has a 1-year low of $3.79 and a 1-year high of $7.14.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The firm had revenue of $945.25 million for the quarter, compared to analysts' expectations of $759.12 million. On average, sell-side analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.4%. UWM's dividend payout ratio (DPR) is presently 666.67%.

UWM Company Profile

United Wholesale Mortgage NYSE: UWMC is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.

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