Cwm LLC Has $121,000 Stake in UWM Holdings Co. (NYSE:UWMC)

Cwm LLC boosted its position in UWM Holdings Co. (NYSE:UWMC) by 120.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,243 shares of the company’s stock after acquiring an additional 7,772 shares during the period. Cwm LLC’s holdings in UWM were worth $121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UWMC. ORG Partners LLC bought a new stake in shares of UWM in the first quarter valued at about $29,000. Atlas Capital Advisors LLC raised its holdings in shares of UWM by 190.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock valued at $37,000 after purchasing an additional 3,309 shares during the period. International Assets Investment Management LLC bought a new position in UWM in the 2nd quarter valued at about $52,000. SageView Advisory Group LLC bought a new position in UWM in the 1st quarter valued at about $55,000. Finally, Xponance Inc. bought a new position in shares of UWM during the second quarter worth approximately $76,000. 53.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.45, for a total value of $10,140,000.00. Following the transaction, the chief executive officer now owns 171,520 shares in the company, valued at approximately $1,449,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 94.11% of the stock is owned by corporate insiders.

UWM Stock Down 0.9 %

UWMC opened at $6.63 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.87. The stock has a market cap of $633.68 million, a price-to-earnings ratio of 221.00 and a beta of 1.63. UWM Holdings Co. has a twelve month low of $4.77 and a twelve month high of $9.74. The company’s 50-day moving average price is $8.34 and its two-hundred day moving average price is $7.67.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $507.09 million for the quarter, compared to the consensus estimate of $540.31 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts expect that UWM Holdings Co. will post 0.26 earnings per share for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Thursday, September 19th. UWM’s dividend payout ratio is currently 1,333.33%.

Analyst Upgrades and Downgrades

UWMC has been the topic of a number of research analyst reports. BTIG Research raised their target price on shares of UWM from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group raised their target price on shares of UWM from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Wedbush raised their target price on shares of UWM from $7.00 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of UWM from $7.00 to $8.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Finally, Barclays upgraded shares of UWM from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $6.00 to $8.00 in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, UWM presently has an average rating of “Hold” and a consensus price target of $7.68.

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.