Vise Technologies Inc. Takes Position in UWM Holdings Corporation $UWMC

Vise Technologies Inc. acquired a new position in shares of UWM Holdings Corporation (NYSE:UWMC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,980 shares of the company’s stock, valued at approximately $153,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC bought a new stake in shares of UWM during the first quarter worth $342,000. Arizona State Retirement System boosted its holdings in shares of UWM by 37.5% during the 1st quarter. Arizona State Retirement System now owns 36,236 shares of the company’s stock valued at $198,000 after acquiring an additional 9,874 shares in the last quarter. CWM LLC boosted its holdings in shares of UWM by 865.2% during the 1st quarter. CWM LLC now owns 115,764 shares of the company’s stock valued at $632,000 after acquiring an additional 103,770 shares in the last quarter. Signaturefd LLC increased its holdings in UWM by 135.4% in the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock worth $45,000 after purchasing an additional 4,693 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in UWM by 1,773.5% in the first quarter. Victory Capital Management Inc. now owns 380,875 shares of the company’s stock valued at $2,080,000 after purchasing an additional 360,545 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UWMC. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. BTIG Research restated a “buy” rating and issued a $10.00 price target on shares of UWM in a research report on Monday, September 22nd. Morgan Stanley downgraded shares of UWM from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $4.50 to $6.50 in a research note on Monday, September 29th. UBS Group boosted their price objective on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.54.

Insider Activity at UWM

In related news, CEO Ishbia Mat sold 596,356 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $4.94, for a total transaction of $2,945,998.64. Following the completion of the sale, the chief executive officer owned 7,665,408 shares of the company’s stock, valued at $37,867,115.52. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 19,701,956 shares of company stock worth $114,994,356. 94.11% of the stock is owned by corporate insiders.

UWM Stock Up 1.6%

Shares of NYSE UWMC opened at $4.98 on Wednesday. The company’s 50 day moving average price is $5.82 and its 200-day moving average price is $5.00. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.55 and a current ratio of 1.55. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $7.14. The company has a market capitalization of $7.96 billion, a P/E ratio of -99.52 and a beta of 1.79.

UWM (NYSE:UWMC) last announced its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $151.14 million for the quarter, compared to the consensus estimate of $651.51 million. UWM had a negative return on equity of 5.56% and a net margin of 0.48%. Equities analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Thursday, December 18th.

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.