BW Gestao de Investimentos Ltda. Acquires New Holdings in UWM Holdings Corporation $UWMC

BW Gestao de Investimentos Ltda. purchased a new position in shares of UWM Holdings Corporation (NYSE:UWMC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,300,146 shares of the company’s stock, valued at approximately $5,695,000.

Other hedge funds also recently modified their holdings of the company. Integrated Investment Consultants LLC purchased a new position in shares of UWM during the 3rd quarter worth about $32,630,000. Tudor Investment Corp ET AL acquired a new position in UWM in the third quarter worth $12,237,000. Alight Capital Management LP acquired a new position in shares of UWM during the third quarter valued at $3,958,000. Vanguard Group Inc. boosted its holdings in shares of UWM by 6.2% during the third quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after acquiring an additional 1,010,907 shares during the period. Finally, Luxor Capital Group LP acquired a new position in shares of UWM during the third quarter valued at $7,473,000. 53.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UWMC has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. BTIG Research restated a “buy” rating and set a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $5.50 price objective on shares of UWM in a report on Thursday, May 7th. Jefferies Financial Group set a $4.40 target price on UWM in a research note on Wednesday, February 25th. Finally, Weiss Ratings raised UWM from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, UWM presently has a consensus rating of “Hold” and a consensus target price of $5.79.

UWM Trading Down 1.8%

Shares of NYSE UWMC opened at $2.96 on Wednesday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 10.94 and a beta of 1.72. The business has a 50 day simple moving average of $3.47 and a 200 day simple moving average of $4.42. UWM Holdings Corporation has a 52 week low of $2.83 and a 52 week high of $7.14. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.52 and a current ratio of 1.52.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $901.43 million during the quarter, compared to analysts’ expectations of $709.85 million. UWM had a return on equity of 19.01% and a net margin of 1.92%. On average, research analysts predict that UWM Holdings Corporation will post 0.38 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 13.5%. UWM’s dividend payout ratio is presently 148.15%.

Insider Transactions at UWM

In other UWM news, CEO Ishbia Mat sold 1,003,333 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.39, for a total transaction of $3,401,298.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,474,130 shares of company stock worth $101,411,072 over the last three months. 80.30% of the stock is owned by corporate insiders.

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.