Squarepoint Ops LLC Grows Stock Holdings in UWM Holdings Co. (NYSE:UWMC)

Squarepoint Ops LLC lifted its position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) by 24.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,322 shares of the company's stock after buying an additional 67,383 shares during the quarter. Squarepoint Ops LLC owned about 0.36% of UWM worth $2,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of UWMC. ORG Partners LLC acquired a new stake in shares of UWM in the 1st quarter valued at about $29,000. Atlas Capital Advisors LLC lifted its holdings in shares of UWM by 190.5% in the 1st 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 in the last quarter. CWM LLC grew its position in UWM by 96.4% in the 2nd quarter. CWM LLC now owns 6,471 shares of the company's stock valued at $45,000 after purchasing an additional 3,177 shares during the period. International Assets Investment Management LLC bought a new position in shares of UWM in the second quarter valued at $52,000. Finally, SageView Advisory Group LLC bought a new stake in shares of UWM during the first quarter worth about $55,000. Institutional investors own 53.59% of the company's stock.

UWM Price Performance

Shares of NYSE:UWMC traded down $0.30 on Friday, hitting $7.56. The company's stock had a trading volume of 12,092,349 shares, compared to its average volume of 1,785,349. UWM Holdings Co. has a 1 year low of $4.77 and a 1 year high of $9.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $722.57 million, a PE ratio of 252.00 and a beta of 1.63. The company has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $7.64.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $507.09 million for the quarter, compared to analysts' expectations of $540.31 million. During the same quarter in the prior year, the business posted $0.11 EPS. Sell-side analysts forecast that UWM Holdings Co. will post 0.27 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.40 annualized dividend and a dividend yield of 5.29%. UWM's dividend payout ratio (DPR) is presently 1,333.33%.

Insider Activity at UWM

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the transaction, the chief executive officer now directly owns 171,520 shares in the company, valued at $1,449,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 94.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BTIG Research increased their price target on UWM from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, August 6th. The Goldman Sachs Group boosted their price target on shares of UWM from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Thursday, August 8th. UBS Group boosted their target price on shares of UWM from $4.50 to $4.75 and gave the company a "sell" rating in a research note on Thursday, September 5th. Barclays raised their target price on UWM from $5.00 to $6.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 9th. Finally, Wedbush lifted their target price on shares of UWM from $7.00 to $8.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Two 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, the stock presently has an average rating of "Hold" and an average price target 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.