Cwm LLC Increases Stake in UWM Holdings Corporation $UWMC

Cwm LLC boosted its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 181.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 223,754 shares of the company’s stock after purchasing an additional 144,284 shares during the quarter. Cwm LLC’s holdings in UWM were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Great Hill Capital LLC grew its position in UWM by 9,900.0% during the 4th quarter. Great Hill Capital LLC now owns 2,000,000 shares of the company’s stock valued at $88,000 after purchasing an additional 1,980,000 shares during the last quarter. Farther Finance Advisors LLC grew its position in UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares during the last quarter. Third View Private Wealth LLC purchased a new stake in UWM during the 4th quarter valued at about $132,000. Transcend Capital Advisors LLC purchased a new stake in UWM during the 4th quarter valued at about $50,000. Finally, Choreo LLC grew its position in UWM by 16.1% during the 4th quarter. Choreo LLC now owns 19,017 shares of the company’s stock valued at $84,000 after purchasing an additional 2,637 shares during the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ishbia Mat sold 1,000,574 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $3.78, for a total transaction of $3,782,169.72. Following the sale, the chief executive officer owned 5,318,951 shares of the company’s stock, valued at $20,105,634.78. This trade represents a 15.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 28,769,190 shares of company stock worth $116,364,835. Company insiders own 94.11% of the company’s stock.

UWM Stock Performance

Shares of NYSE UWMC opened at $3.75 on Tuesday. The firm’s 50-day moving average price is $3.92 and its 200-day moving average price is $4.80. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The company has a market cap of $5.99 billion, a PE ratio of 62.42 and a beta of 1.93. UWM Holdings Corporation has a 52-week low of $3.38 and a 52-week high of $7.14.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $945.25 million for the quarter, compared to analysts’ expectations of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. As a group, analysts anticipate that UWM Holdings Corporation will post 0.41 EPS for the current year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 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 10.7%. The ex-dividend date of this dividend was Thursday, March 19th. UWM’s dividend payout ratio (DPR) is presently 666.67%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UWMC. BTIG Research reissued a “buy” rating and set a $10.00 price objective on shares of UWM in a research report on Tuesday, March 10th. Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research report on Wednesday, February 25th. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Barclays dropped their price target on shares of UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, UWM has a consensus rating of “Hold” and a consensus price target of $5.99.

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.