Brandes Investment Partners LP Makes New $45.87 Million Investment in UWM Holdings Corporation $UWMC

Brandes Investment Partners LP acquired a new position in UWM Holdings Corporation (NYSE:UWMC – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 10,471,859 shares of the company’s stock, valued at approximately $45,867,000.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of UWM during the 3rd quarter valued at approximately $38,000. Raymond James Financial Inc. bought a new position in shares of UWM during the 2nd quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its position in shares of UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares during the last quarter. Finally, Moment Partners LLC bought a new position in shares of UWM during the 3rd quarter valued at approximately $61,000. Institutional investors own 53.59% of the company’s stock.

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Insider Buying and Selling

In other UWM news, CEO Ishbia Mat sold 1,003,333 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $3.57, for a total value of $3,581,898.81. Following the transaction, the chief executive officer owned 2,995,754 shares of the company’s stock, valued at $10,694,841.78. This represents a 25.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 25,575,508 shares of company stock valued at $93,943,159. Corporate insiders own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UWMC shares. Compass Point started coverage on UWM in a research report on Tuesday, March 10th. They set a “buy” rating and a $8.50 target price on the stock. Weiss Ratings raised UWM from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. BTIG Research reissued a “buy” rating and set a $10.00 target price on shares of UWM in a research report on Tuesday, March 10th. Barclays cut their target price on UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Finally, Morgan Stanley set a $5.00 target price on UWM in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.79.

Check Out Our Latest Stock Analysis on UWM

UWM Stock Performance

Shares of UWM stock opened at $2.49 on Wednesday. The stock’s fifty day moving average is $3.36 and its two-hundred day moving average is $4.32. The company has a market capitalization of $3.99 billion, a PE ratio of 9.23 and a beta of 1.72. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13. UWM Holdings Corporation has a 52 week low of $2.44 and a 52 week high of $7.14.

UWM (NYSE:UWMC – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $901.43 million for the quarter, compared to the consensus estimate of $709.85 million. UWM had a return on equity of 19.01% and a net margin of 1.92%. As a group, analysts expect that UWM Holdings Corporation will post 0.38 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 16.1%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s dividend payout ratio is 148.15%.

UWM Company Profile

(Free Report)

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.

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