Brooklands Fund Management Ltd Takes $2.43 Million Position in UWM Holdings Corporation $UWMC

Brooklands Fund Management Ltd bought a new stake in shares of UWM Holdings Corporation (NYSE:UWMC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 554,900 shares of the company’s stock, valued at approximately $2,430,000. UWM comprises 0.3% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its 13th largest position.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of UWM during the third quarter valued at approximately $38,000. Raymond James Financial Inc. purchased a new position in shares of UWM during the second quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its holdings in shares of UWM by 1,410.7% during the fourth 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. Finally, Focus Partners Wealth purchased a new position in shares of UWM during the first quarter valued at approximately $55,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

UWM Price Performance

Shares of NYSE UWMC opened at $2.36 on Tuesday. UWM Holdings Corporation has a twelve month low of $2.28 and a twelve month high of $7.14. The firm has a market cap of $3.77 billion, a P/E ratio of 8.73 and a beta of 1.72. The company has a 50 day moving average of $3.26 and a 200 day moving average of $4.24. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13.

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

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 17.0%. The ex-dividend date is Thursday, June 18th. UWM’s payout ratio is presently 148.15%.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 1,003,333 shares of UWM stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $3.57, for a total value of $3,581,898.81. Following the completion of the sale, the chief executive officer owned 2,995,754 shares of the company’s stock, valued at approximately $10,694,841.78. The trade was a 25.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 23,942,060 shares of company stock valued at $87,905,730. 80.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UWMC has been the subject of several recent research reports. Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley set a $5.00 target price on shares of UWM in a report on Thursday, May 7th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of UWM in a report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $5.50 price objective on shares of UWM in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.79.

UWM Profile

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.