Inspire Investing LLC Raises Stock Position in UWM Holdings Co. (NYSE:UWMC)

Inspire Investing LLC increased its stake in UWM Holdings Co. (NYSE:UWMC - Free Report) by 366.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,298 shares of the company's stock after buying an additional 140,830 shares during the period. Inspire Investing LLC owned 0.19% of UWM worth $1,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. ORG Partners LLC bought a new position in shares of UWM in the 1st quarter worth about $29,000. Atlas Capital Advisors LLC increased its stake 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 valued at $37,000 after purchasing an additional 3,309 shares in the last quarter. CWM LLC boosted its position in shares of UWM by 96.4% in the 2nd quarter. CWM LLC now owns 6,471 shares of the company's stock worth $45,000 after purchasing an additional 3,177 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of UWM in the 2nd quarter worth approximately $52,000. Finally, SageView Advisory Group LLC bought a new position in UWM during the 1st quarter valued at approximately $55,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BTIG Research boosted their target price on UWM from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Barclays upgraded shares of UWM from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, October 8th. UBS Group upped their target price on shares of UWM from $4.50 to $4.75 and gave the stock a "sell" rating in a research note on Thursday, September 5th. Keefe, Bruyette & Woods increased their price target on shares of UWM from $7.00 to $8.00 and gave the company a "market perform" rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of UWM from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $7.68.

Insider Buying and Selling

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the completion of the sale, the chief executive officer now owns 171,520 shares of the company's stock, valued at approximately $1,449,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 94.11% of the stock is owned by insiders.

UWM Stock Performance

Shares of NYSE UWMC traded up $0.01 during midday trading on Monday, hitting $7.40. 1,853,124 shares of the stock traded hands, compared to its average volume of 1,808,318. The firm has a market capitalization of $706.80 million, a P/E ratio of 245.67 and a beta of 1.63. UWM Holdings Co. has a one year low of $4.77 and a one year high of $9.74. 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 50-day moving average of $8.67 and a two-hundred day moving average of $7.65.

UWM (NYSE:UWMC - Get Free Report) last issued 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 previous year, the business earned $0.11 EPS. On average, equities analysts forecast that UWM Holdings Co. will post 0.26 EPS for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.40 annualized dividend and a dividend yield of 5.41%. UWM's dividend payout ratio (DPR) is 1,333.33%.

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.