UWM Holdings Corporation $UWMC Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in shares of UWM Holdings Corporation (NYSE:UWMC) by 22.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,992 shares of the company’s stock after buying an additional 9,655 shares during the period. Penserra Capital Management LLC’s holdings in UWM were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UWMC. Cerity Partners LLC purchased a new stake in shares of UWM during the 1st quarter worth approximately $342,000. Arizona State Retirement System boosted its position in UWM by 37.5% during the first quarter. Arizona State Retirement System now owns 36,236 shares of the company’s stock worth $198,000 after purchasing an additional 9,874 shares in the last quarter. CWM LLC grew its holdings in UWM by 865.2% in the first quarter. CWM LLC now owns 115,764 shares of the company’s stock valued at $632,000 after purchasing an additional 103,770 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of UWM by 10.9% in the first quarter. Bleakley Financial Group LLC now owns 44,059 shares of the company’s stock valued at $241,000 after buying an additional 4,336 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock valued at $45,000 after buying an additional 4,693 shares in the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on UWMC shares. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a research report on Wednesday, October 8th. Morgan Stanley downgraded UWM from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $4.50 to $6.50 in a research report on Monday, September 29th. BTIG Research reiterated a “buy” rating and set a $10.00 target price on shares of UWM in a report on Monday, September 22nd. Finally, Barclays boosted their price target on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, UWM presently has a consensus rating of “Hold” and an average price target of $6.54.

Insider Buying and Selling at UWM

In related news, CEO Ishbia Mat sold 596,356 shares of UWM stock in a transaction on Monday, September 15th. The stock was sold at an average price of $6.84, for a total value of $4,079,075.04. Following the transaction, the chief executive officer owned 6,705,072 shares in the company, valued at approximately $45,862,692.48. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 19,709,352 shares of company stock valued at $115,442,149. Company insiders own 87.50% of the company’s stock.

UWM Trading Up 1.0%

NYSE UWMC opened at $5.53 on Thursday. The company has a market cap of $8.84 billion, a P/E ratio of -110.50 and a beta of 1.79. UWM Holdings Corporation has a 12 month low of $3.80 and a 12 month high of $7.14. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. The company has a 50-day moving average of $5.92 and a 200-day moving average of $4.99.

UWM (NYSE:UWMC) last released its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The company had revenue of $151.14 million during the quarter, compared to analysts’ expectations of $651.51 million. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. As a group, equities analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Thursday, December 18th.

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.