Inspire Investing LLC Has $267,000 Stock Position in UWM Holdings Co. (NYSE:UWMC)

Inspire Investing LLC reduced its holdings in UWM Holdings Co. (NYSE:UWMC) by 37.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,468 shares of the company’s stock after selling 22,765 shares during the quarter. Inspire Investing LLC’s holdings in UWM were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UWMC. ORG Partners LLC acquired a new stake in UWM in the first quarter worth $29,000. Atlas Capital Advisors LLC boosted its position in shares of UWM by 190.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock worth $37,000 after purchasing an additional 3,309 shares in the last quarter. CWM LLC grew its stake in shares of UWM by 96.4% in the 2nd quarter. CWM LLC now owns 6,471 shares of the company’s stock valued at $45,000 after buying an additional 3,177 shares during the period. International Assets Investment Management LLC bought a new stake in UWM in the 2nd quarter valued at about $52,000. Finally, SageView Advisory Group LLC acquired a new position in UWM during the 1st quarter worth approximately $55,000. 53.59% of the stock is owned by institutional investors and hedge funds.

UWM Stock Performance

NYSE:UWMC opened at $8.63 on Wednesday. UWM Holdings Co. has a 52 week low of $4.49 and a 52 week high of $9.74. The firm has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $7.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $824.84 million, a price-to-earnings ratio of 287.67 and a beta of 1.63.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $507.09 million during the quarter, compared to analyst estimates of $540.31 million. During the same quarter in the prior year, the business earned $0.11 EPS. On average, equities analysts expect that UWM Holdings Co. will post 0.28 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.40 annualized dividend and a yield of 4.63%. UWM’s payout ratio is currently 1,333.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UWMC shares. UBS Group raised their price objective on UWM from $4.50 to $4.75 and gave the company a “sell” rating in a research note on Thursday, September 5th. BTIG Research boosted their price target on shares of UWM from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods raised their price objective on shares of UWM from $7.00 to $8.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Barclays upped their target price on shares of UWM from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Tuesday, July 9th. Finally, Wedbush boosted their price objective on UWM from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.39.

Insider Buying and Selling

In related news, CEO Ishbia Mat sold 5,000,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $9.11, for a total value of $45,550,000.00. Following the transaction, the chief executive officer now owns 171,520 shares in the company, valued at $1,562,547.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 94.11% of the stock is currently owned by corporate insiders.

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.