UWM Holdings Co. (NYSE:UWMC) Stock Holdings Trimmed by Holocene Advisors LP

Holocene Advisors LP cut its holdings in UWM Holdings Co. (NYSE:UWMC - Free Report) by 52.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,827 shares of the company's stock after selling 218,921 shares during the quarter. Holocene Advisors LP owned approximately 0.21% of UWM worth $1,720,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. ClearAlpha Technologies LP acquired a new stake in UWM during the 3rd quarter valued at $254,000. PDT Partners LLC lifted its position in shares of UWM by 181.4% in the third quarter. PDT Partners LLC now owns 103,581 shares of the company's stock valued at $883,000 after acquiring an additional 66,773 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of UWM by 446.3% in the third quarter. Verition Fund Management LLC now owns 159,666 shares of the company's stock valued at $1,360,000 after acquiring an additional 130,439 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of UWM during the third quarter valued at $292,000. Finally, FORA Capital LLC purchased a new stake in UWM during the 3rd quarter worth about $183,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

UWM Trading Up 3.2 %

Shares of NYSE:UWMC traded up $0.20 during trading on Friday, reaching $6.47. 2,634,078 shares of the stock were exchanged, compared to its average volume of 3,128,417. UWM Holdings Co. has a 12-month low of $5.61 and a 12-month high of $9.74. The firm's 50-day moving average price is $6.73 and its 200 day moving average price is $7.59. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of -28.13 and a beta of 1.65.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.18%. UWM's dividend payout ratio (DPR) is currently -173.91%.

Insider Activity at UWM

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 171,520 shares of the company's stock, valued at $1,449,344. This represents a 87.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 94.11% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UWMC. Barclays raised shares of UWM from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, October 8th. Morgan Stanley began coverage on shares of UWM in a research report on Tuesday, November 5th. They set an "equal weight" rating and a $7.50 target price on the stock. UBS Group boosted their price target on UWM from $4.50 to $4.75 and gave the company a "sell" rating in a report on Thursday, September 5th. Finally, The Goldman Sachs Group decreased their price objective on UWM from $8.50 to $7.50 and set a "neutral" rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, UWM has a consensus rating of "Hold" and an average price target of $7.53.

About UWM

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.