Integrated Investment Consultants LLC Decreases Stock Position in UWM Holdings Corporation $UWMC

Integrated Investment Consultants LLC lessened its stake in shares of UWM Holdings Corporation (NYSE:UWMC) by 90.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 518,604 shares of the company’s stock after selling 4,839,364 shares during the quarter. Integrated Investment Consultants LLC’s holdings in UWM were worth $2,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UWMC. Balyasny Asset Management L.P. raised its holdings in UWM by 116.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock valued at $24,803,000 after buying an additional 3,224,806 shares during the period. Two Sigma Investments LP raised its holdings in UWM by 165.5% during the 3rd quarter. Two Sigma Investments LP now owns 4,988,898 shares of the company’s stock valued at $30,382,000 after buying an additional 3,109,591 shares during the period. Holocene Advisors LP raised its holdings in UWM by 1,986.0% during the 3rd quarter. Holocene Advisors LP now owns 3,231,243 shares of the company’s stock valued at $19,678,000 after buying an additional 3,076,340 shares during the period. Maple Rock Capital Partners Inc. purchased a new stake in UWM during the 3rd quarter valued at $14,433,000. Finally, Tudor Investment Corp ET AL purchased a new stake in UWM during the 3rd quarter valued at $12,237,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UWMC shares. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Barclays reduced their target price on UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Compass Point started coverage on UWM in a research note on Tuesday, March 10th. They issued a “buy” rating and a $8.50 target price on the stock. Finally, Jefferies Financial Group set a $4.40 target price on UWM in a research note on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.79.

UWM Stock Performance

UWMC stock opened at $3.00 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13. The business’s fifty day simple moving average is $3.64 and its two-hundred day simple moving average is $4.62. UWM Holdings Corporation has a twelve month low of $2.95 and a twelve month high of $7.14. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 11.09 and a beta of 1.78.

UWM (NYSE:UWMC) last released its earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. UWM had a return on equity of 19.01% and a net margin of 1.92%.The business had revenue of $901.43 million for the quarter, compared to analyst estimates of $709.85 million. Analysts predict that UWM Holdings Corporation will post 0.38 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 13.4%. UWM’s dividend payout ratio (DPR) is presently 148.15%.

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 1,003,333 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $3.57, for a total transaction of $3,581,898.81. Following the transaction, the chief executive officer owned 2,995,754 shares in the company, valued at approximately $10,694,841.78. This trade represents a 25.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,638,500 shares of company stock worth $115,619,093 in the last 90 days. Company insiders own 80.30% of the company’s stock.

UWM Company Profile

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.