Azora Capital LP Takes $9.03 Million Position in UWM Holdings Corporation $UWMC

Azora Capital LP acquired a new position in shares of UWM Holdings Corporation (NYSE:UWMC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,181,575 shares of the company’s stock, valued at approximately $9,032,000. Azora Capital LP owned approximately 0.14% of UWM as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of UWM during the 2nd quarter worth approximately $51,000. Quarry LP acquired a new position in UWM during the first quarter worth $53,000. Focus Partners Wealth acquired a new stake in UWM in the 1st quarter valued at $55,000. Independent Advisor Alliance acquired a new stake in UWM in the 1st quarter valued at $58,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of UWM by 79.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,467 shares of the company’s stock worth $60,000 after buying an additional 6,395 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

Insider Activity at UWM

In other UWM news, CEO Ishbia Mat sold 612,287 shares of UWM stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $5.80, for a total value of $3,551,264.60. Following the completion of the sale, the chief executive officer owned 9,241,556 shares in the company, valued at $53,601,024.80. The trade was a 6.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 21,773,313 shares of company stock valued at $125,172,853 in the last 90 days. Corporate insiders own 94.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UWMC. Wall Street Zen downgraded UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. BTIG Research reiterated a “buy” rating and set a $10.00 price objective on shares of UWM in a research note on Monday, September 22nd. Barclays raised their target price on shares of UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. UBS Group boosted their target price on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.54.

UWM Price Performance

UWM stock opened at $5.52 on Wednesday. The company’s 50-day moving average price is $5.53 and its two-hundred day moving average price is $5.14. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14.

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

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 7.3%.

UWM Company 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.