UWM Holdings Co. (NYSE:UWMC) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its position in UWM Holdings Co. (NYSE:UWMC) by 59.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 230,455 shares of the company’s stock after acquiring an additional 86,356 shares during the period. GSA Capital Partners LLP owned approximately 0.24% of UWM worth $1,963,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of UWM by 96.4% in the 2nd quarter. CWM LLC now owns 6,471 shares of the company’s stock worth $45,000 after acquiring an additional 3,177 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of UWM in the 2nd quarter worth $52,000. SageView Advisory Group LLC acquired a new stake in shares of UWM in the first quarter valued at about $55,000. Xponance Inc. acquired a new stake in shares of UWM in the second quarter valued at about $76,000. Finally, Intech Investment Management LLC acquired a new stake in shares of UWM in the second quarter valued at about $85,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on UWMC shares. Keefe, Bruyette & Woods raised their price objective on shares of UWM from $7.00 to $8.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. BTIG Research raised their target price on shares of UWM from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Wedbush raised their target price on shares of UWM from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group raised their target price on shares of UWM from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Barclays upgraded shares of UWM from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $6.00 to $8.00 in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, UWM currently has a consensus rating of “Hold” and a consensus price target of $7.66.

UWM Stock Performance

Shares of NYSE UWMC opened at $6.03 on Wednesday. The company has a market cap of $576.06 million, a PE ratio of -26.20 and a beta of 1.67. UWM Holdings Co. has a 12 month low of $5.35 and a 12 month high of $9.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.48 and a quick ratio of 1.48. The company has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $7.70.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 19th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a yield of 6.64%. UWM’s payout ratio is -173.91%.

Insider Activity at UWM

In related news, CEO Ishbia Mat sold 1,200,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $8.45, for a total value of $10,140,000.00. Following the completion of the sale, the chief executive officer now directly owns 171,520 shares in the company, valued at approximately $1,449,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 94.11% of the stock is owned by insiders.

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.