180 Wealth Advisors LLC Grows Holdings in UWM Holdings Corporation $UWMC

180 Wealth Advisors LLC grew its holdings in UWM Holdings Corporation (NYSE:UWMC) by 59.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,822 shares of the company’s stock after purchasing an additional 40,314 shares during the period. 180 Wealth Advisors LLC’s holdings in UWM were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of UWMC. GAMMA Investing LLC increased its stake in UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock worth $32,000 after purchasing an additional 2,958 shares during the period. Signaturefd LLC increased its stake in UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock worth $45,000 after purchasing an additional 4,693 shares during the period. Quarry LP purchased a new stake in UWM in the first quarter worth $53,000. Focus Partners Wealth purchased a new stake in UWM in the first quarter worth $55,000. Finally, Independent Advisor Alliance purchased a new stake in UWM in the first quarter worth $58,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Price Performance

Shares of UWMC stock opened at $5.84 on Friday. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14. The stock’s 50-day moving average is $5.93 and its 200 day moving average is $4.89. The company has a market cap of $9.33 billion, a P/E ratio of -116.70 and a beta of 1.79. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. UWM had a negative return on equity of 5.56% and a net margin of 0.48%.The company had revenue of $758.70 million for the quarter, compared to the consensus estimate of $621.60 million. Research analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.40 dividend on an annualized basis and a yield of 6.9%. UWM’s dividend payout ratio (DPR) is presently -800.00%.

Insider Buying and Selling

In other UWM news, CEO Ishbia Mat sold 596,356 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $5.73, for a total value of $3,417,119.88. Following the completion of the sale, the chief executive officer directly owned 4,799,816 shares in the company, valued at approximately $27,502,945.68. This trade represents a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 18,138,792 shares of company stock valued at $102,809,740 in the last three months. Company insiders own 87.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UWMC shares. UBS Group increased their price target on UWM from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Morgan Stanley downgraded UWM from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $4.50 to $6.50 in a research report on Monday, September 29th. The Goldman Sachs Group dropped their price target on UWM from $6.00 to $5.25 and set a “neutral” rating on the stock in a research report on Wednesday, July 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of UWM in a research report on Friday. Finally, Barclays increased their price target on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.46.

About UWM

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.