NFJ Investment Group LLC Purchases New Holdings in UWM Holdings Corporation $UWMC

NFJ Investment Group LLC purchased a new stake in UWM Holdings Corporation (NYSE:UWMC) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,181,738 shares of the company’s stock, valued at approximately $5,176,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Investment Consultants LLC purchased a new position in UWM in the 3rd quarter worth approximately $32,630,000. Tudor Investment Corp ET AL purchased a new position in UWM in the 3rd quarter worth approximately $12,237,000. Alight Capital Management LP purchased a new position in UWM in the 3rd quarter worth approximately $3,958,000. Vanguard Group Inc. lifted its stake in UWM by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock worth $105,252,000 after purchasing an additional 1,010,907 shares in the last quarter. Finally, Luxor Capital Group LP purchased a new position in UWM in the 3rd quarter worth approximately $7,473,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on UWMC shares. Jefferies Financial Group set a $4.40 target price on shares of UWM in a research note on Wednesday, February 25th. BTIG Research reissued a “buy” rating and issued a $10.00 target price on shares of UWM in a research note on Tuesday, March 10th. Weiss Ratings raised shares of UWM from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Argus raised shares of UWM to a “hold” rating in a research note on Tuesday, March 31st. Finally, Morgan Stanley set a $5.00 target price on shares of UWM in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, UWM presently has a consensus rating of “Hold” and an average target price of $5.79.

UWM Stock Down 0.6%

UWMC stock opened at $2.38 on Friday. The firm has a market cap of $3.80 billion, a PE ratio of 8.80 and a beta of 1.72. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50 day moving average price is $3.29 and its 200-day moving average price is $4.27. UWM Holdings Corporation has a one year low of $2.28 and a one year high of $7.14.

UWM (NYSE:UWMC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $901.43 million for the quarter, compared to analyst estimates of $709.85 million. UWM had a net margin of 1.92% and a return on equity of 19.01%. On average, equities research analysts anticipate that UWM Holdings Corporation will post 0.38 EPS for the current year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 16.8%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s payout ratio is presently 148.15%.

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 1,003,333 shares of UWM stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.39, for a total transaction of $3,401,298.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 24,942,634 shares of company stock worth $91,607,854. 80.30% of the stock is currently owned by insiders.

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.