UWM Holdings Co. Class (NYSE:UWMC) Director Robert Verdun Acquires 25,000 Shares

UWM Holdings Co. Class (NYSE:UWMC) Director Robert Verdun bought 25,000 shares of the company’s stock in a transaction on Monday, June 7th. The stock was purchased at an average cost of $9.10 per share, with a total value of $227,500.00. Following the completion of the transaction, the director now owns 136,000 shares in the company, valued at $1,237,600. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Shares of UWMC opened at $9.66 on Friday. The firm has a 50-day moving average of $8.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 1.61. UWM Holdings Co. Class has a 1 year low of $6.25 and a 1 year high of $14.38.

UWM Holdings Co. Class (NYSE:UWMC) last announced its quarterly earnings data on Monday, May 10th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.30. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.37 billion. As a group, sell-side analysts expect that UWM Holdings Co. Class will post 1.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 6th. Investors of record on Thursday, June 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.14%. The ex-dividend date is Wednesday, June 9th.

Several equities analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on UWM Holdings Co. Class in a research report on Wednesday, February 17th. They issued a “neutral” rating and a $10.50 target price for the company. Credit Suisse Group downgraded UWM Holdings Co. Class from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $8.00 to $8.50 in a research report on Wednesday, June 2nd. Barclays assumed coverage on UWM Holdings Co. Class in a research report on Wednesday, April 21st. They issued an “overweight” rating and a $10.00 target price for the company. Argus assumed coverage on UWM Holdings Co. Class in a research report on Thursday, May 27th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Zacks Investment Research downgraded UWM Holdings Co. Class from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. UWM Holdings Co. Class currently has an average rating of “Hold” and a consensus target price of $10.17.

A number of hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in UWM Holdings Co. Class during the first quarter worth approximately $29,000. Sowell Financial Services LLC purchased a new stake in UWM Holdings Co. Class during the first quarter worth approximately $29,000. CWM LLC purchased a new stake in UWM Holdings Co. Class during the first quarter worth approximately $53,000. Bank of Montreal Can purchased a new stake in UWM Holdings Co. Class during the first quarter worth approximately $69,000. Finally, Rockbridge Investment Management LCC purchased a new stake in UWM Holdings Co. Class during the first quarter worth approximately $79,000. Hedge funds and other institutional investors own 23.22% of the company’s stock.

About UWM Holdings Co. Class

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.

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