Quantbot Technologies LP boosted its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 123.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,728 shares of the company's stock after buying an additional 150,981 shares during the quarter. Quantbot Technologies LP owned approximately 0.29% of UWM worth $2,332,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of UWMC. Price T Rowe Associates Inc. MD increased its position in UWM by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,948 shares of the company's stock worth $421,000 after buying an additional 3,207 shares during the period. CWM LLC grew its stake in shares of UWM by 96.4% in the second quarter. CWM LLC now owns 6,471 shares of the company's stock worth $45,000 after acquiring an additional 3,177 shares during the last quarter. SG Americas Securities LLC grew its position in UWM by 1,743.3% during the second quarter. SG Americas Securities LLC now owns 239,830 shares of the company's stock worth $1,662,000 after buying an additional 226,819 shares in the last quarter. Wedmont Private Capital increased its stake in UWM by 29.6% during the second quarter. Wedmont Private Capital now owns 18,150 shares of the company's stock valued at $139,000 after acquiring an additional 4,147 shares during the period. Finally, Blue Trust Inc. acquired a new position in UWM in the 2nd quarter valued at approximately $119,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at UWM
In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of UWM stock in a transaction 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 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 87.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 94.11% of the company's stock.
UWM Stock Down 0.8 %
Shares of UWMC stock traded down $0.05 on Friday, reaching $6.51. 1,909,490 shares of the stock were exchanged, compared to its average volume of 2,009,607. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM Holdings Co. has a one year low of $5.42 and a one year high of $9.74. The stock has a 50 day moving average price of $7.01 and a 200 day moving average price of $7.63.
UWM Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.40 annualized dividend and a yield of 6.14%. UWM's dividend payout ratio is currently -173.91%.
Wall Street Analysts Forecast Growth
UWMC has been the topic of several recent research reports. Morgan Stanley initiated coverage on UWM in a report on Tuesday, November 5th. They set an "equal weight" rating and a $7.50 price objective on the stock. Keefe, Bruyette & Woods boosted their target price on UWM from $7.00 to $8.00 and gave the stock a "market perform" rating in a report on Wednesday, August 7th. UBS Group raised 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. Barclays upgraded UWM from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $6.00 to $8.00 in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group decreased their target price on UWM from $8.50 to $7.50 and set a "neutral" rating on the stock in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $7.53.
View Our Latest Research Report on UWMC
UWM Profile
(
Free Report)
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.
Featured Stories
Before you consider UWM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UWM wasn't on the list.
While UWM currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
