Capital Fund Management S.A. Purchases 414,667 Shares of UWM Holdings Corporation $UWMC

Capital Fund Management S.A. boosted its position in UWM Holdings Corporation (NYSE:UWMC) by 260.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 573,583 shares of the company’s stock after acquiring an additional 414,667 shares during the period. Capital Fund Management S.A.’s holdings in UWM were worth $2,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of UWM during the second quarter valued at about $51,000. Quarry LP bought a new position in UWM during the 1st quarter valued at approximately $53,000. Focus Partners Wealth purchased a new stake in UWM in the 1st quarter worth approximately $55,000. Independent Advisor Alliance bought a new stake in shares of UWM in the 1st quarter worth approximately $58,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of UWM by 79.2% during 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 period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 612,287 shares of UWM stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $5.80, for a total value of $3,551,264.60. Following the completion of the transaction, the chief executive officer owned 9,241,556 shares of the company’s stock, valued at $53,601,024.80. The trade was a 6.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 21,348,811 shares of company stock worth $123,446,643 in the last ninety days. 87.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UWMC. Wall Street Zen cut shares of UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Morgan Stanley cut shares of UWM from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $4.50 to $6.50 in a research report on Monday, September 29th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. BTIG Research restated a “buy” rating and issued a $10.00 price objective on shares of UWM in a report on Monday, September 22nd. Finally, Barclays lifted their price objective on UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, UWM currently has an average rating of “Hold” and an average price target of $6.54.

UWM Stock Up 0.3%

UWMC stock opened at $5.66 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. The firm has a 50 day moving average price of $5.57 and a 200-day moving average price of $5.09. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $7.14.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The company had revenue of $151.14 million during the quarter, compared to analysts’ expectations of $651.51 million. As a group, research analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 7.1%.

About UWM

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.