UWM Holdings Corporation (NYSE:UWMC) Position Raised by Cetera Investment Advisers

Cetera Investment Advisers increased its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 8.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,722 shares of the company’s stock after purchasing an additional 6,988 shares during the period. Cetera Investment Advisers’ holdings in UWM were worth $512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in UWM by 101.8% during 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 increased its holdings in shares of UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock valued at $45,000 after buying an additional 4,693 shares in the last quarter. SYM FINANCIAL Corp bought a new position in shares of UWM in the first quarter valued at $64,000. Sequoia Financial Advisors LLC bought a new position in shares of UWM in the first quarter valued at $65,000. Finally, Grange Capital LLC bought a new position in shares of UWM in the first quarter valued at $71,000. Institutional investors own 53.59% of the company’s stock.

UWM Price Performance

Shares of NYSE:UWMC opened at $5.39 on Friday. The company’s fifty day moving average is $4.33 and its two-hundred day moving average is $4.92. 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 Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $9.74. The company has a market cap of $8.62 billion, a P/E ratio of -107.80 and a beta of 1.70.

UWM (NYSE:UWMC) last announced its earnings results on Thursday, August 7th. The company reported $0.16 earnings per share (EPS) 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 company had revenue of $758.70 million for the quarter, compared to the consensus estimate of $621.60 million. Equities analysts expect that UWM Holdings Corporation will post 0.2 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 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 7.4%. The ex-dividend date is Thursday, September 18th. UWM’s payout ratio is currently -800.00%.

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 400,036 shares of the business’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $4.22, for a total transaction of $1,688,151.92. Following the transaction, the chief executive officer directly owned 1,499,352 shares in the company, valued at $6,327,265.44. The trade was a 21.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 9,600,864 shares of company stock worth $41,115,700. Insiders own 87.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on UWM from $6.00 to $5.25 and set a “neutral” rating on the stock in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods cut UWM from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $6.50 to $4.50 in a report on Thursday, July 10th. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Barclays raised UWM from an “equal weight” rating to an “overweight” rating and set a $6.00 price target on the stock in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.54.

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.