R Squared Ltd Takes $51,000 Position in UWM Holdings Corporation $UWMC

R Squared Ltd purchased a new position in UWM Holdings Corporation (NYSE:UWMC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,371 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in UWM by 1,144.7% in the 1st quarter. AQR Capital Management LLC now owns 2,496,805 shares of the company’s stock worth $13,633,000 after buying an additional 2,296,205 shares during the period. Cubist Systematic Strategies LLC increased its stake in UWM by 81.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 979,578 shares of the company’s stock worth $5,348,000 after buying an additional 439,928 shares during the period. Carrera Capital Advisors increased its position in UWM by 139.0% during the 1st quarter. Carrera Capital Advisors now owns 481,370 shares of the company’s stock valued at $2,677,000 after purchasing an additional 279,996 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of UWM by 15.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 408,182 shares of the company’s stock valued at $2,229,000 after purchasing an additional 54,160 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of UWM by 53.4% in the 1st quarter. Quantbot Technologies LP now owns 404,164 shares of the company’s stock worth $2,207,000 after purchasing an additional 140,628 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. UBS Group upped their price target on shares of UWM from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley cut shares of UWM from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $4.50 to $6.50 in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UWM in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.46.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 596,356 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $5.73, for a total transaction of $3,417,119.88. Following the sale, the chief executive officer owned 4,799,816 shares of the company’s stock, valued at approximately $27,502,945.68. The trade was a 11.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 17,738,756 shares of company stock worth $101,113,588. 94.11% of the stock is currently owned by insiders.

UWM Stock Up 1.3%

NYSE:UWMC opened at $5.84 on Monday. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14. The stock has a market capitalization 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 quick ratio of 1.55 and a current ratio of 1.55. The company’s 50-day simple moving average is $5.93 and its 200-day simple moving average is $4.89.

UWM (NYSE:UWMC) last released its quarterly earnings results 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 net margin of 0.48% and a negative return on equity of 5.56%. The business had revenue of $758.70 million for the quarter, compared to analysts’ expectations of $621.60 million. On average, equities analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

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

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.