Susquehanna Fundamental Investments LLC Grows Stock Holdings in UWM Holdings Co. (NYSE:UWMC)

Susquehanna Fundamental Investments LLC lifted its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 334.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,681 shares of the company's stock after buying an additional 172,969 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.24% of UWM worth $1,557,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UWMC. ORG Partners LLC acquired a new position in shares of UWM during the first quarter worth $29,000. Atlas Capital Advisors LLC lifted its holdings in shares of UWM by 190.5% during the first quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company's stock worth $37,000 after purchasing an additional 3,309 shares during the period. CWM LLC lifted its holdings in shares of UWM by 96.4% during the second quarter. CWM LLC now owns 6,471 shares of the company's stock worth $45,000 after purchasing an additional 3,177 shares during the period. International Assets Investment Management LLC acquired a new position in shares of UWM during the second quarter worth $52,000. Finally, SageView Advisory Group LLC acquired a new position in UWM in the first quarter valued at $55,000. Institutional investors own 53.59% of the company's stock.

UWM Price Performance

UWM stock traded down $0.27 during midday trading on Wednesday, reaching $8.07. 7,673,915 shares of the stock were exchanged, compared to its average volume of 1,713,936. The company's fifty day moving average is $8.77 and its 200-day moving average is $7.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $770.84 million, a PE ratio of 268.83 and a beta of 1.63. UWM Holdings Co. has a 52 week low of $4.49 and a 52 week high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The company had revenue of $507.09 million for the quarter, compared to analyst estimates of $540.31 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, sell-side analysts forecast that UWM Holdings Co. will post 0.27 EPS for the current year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Thursday, September 19th. UWM's payout ratio is 1,333.33%.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of UWM 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 94.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wedbush lifted their price target on shares of UWM from $7.00 to $8.50 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. UBS Group boosted their target price on shares of UWM from $4.50 to $4.75 and gave the stock a "sell" rating in a research report on Thursday, September 5th. Barclays boosted their target price on shares of UWM from $5.00 to $6.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods boosted their price target on shares of UWM from $7.00 to $8.00 and gave the stock a "market perform" rating in a report on Wednesday, August 7th. Finally, BTIG Research boosted their price target on shares of UWM from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, UWM has an average rating of "Hold" and a consensus target price of $7.39.

UWM 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.