Susquehanna Fundamental Investments LLC Increases Stock Position in UWM Holdings Co. (NYSE:UWMC)

Susquehanna Fundamental Investments LLC boosted its stake in UWM Holdings Co. (NYSE:UWMC) by 334.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,681 shares of the company’s stock after purchasing an additional 172,969 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.24% of UWM worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ORG Partners LLC bought a new position in shares of UWM in the first quarter worth approximately $29,000. Atlas Capital Advisors LLC grew its holdings in shares of UWM by 190.5% in the first quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock worth $37,000 after purchasing an additional 3,309 shares during the last quarter. CWM LLC grew its holdings in shares of UWM by 96.4% in the second quarter. CWM LLC now owns 6,471 shares of the company’s stock worth $45,000 after purchasing an additional 3,177 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in UWM in the second quarter worth $52,000. Finally, SageView Advisory Group LLC purchased a new stake in UWM in the first quarter worth $55,000. 53.59% of the stock is currently owned by institutional investors.

Insider Transactions at UWM

In other news, CEO Ishbia Mat sold 1,200,000 shares of UWM stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $8.45, for a total value of $10,140,000.00. Following the completion of the transaction, the chief executive officer now owns 171,520 shares of the company’s stock, valued at approximately $1,449,344. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 94.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group raised their price target on UWM from $4.50 to $4.75 and gave the stock a “sell” rating in a research note on Thursday, September 5th. BTIG Research raised their price target on UWM from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Barclays raised their price target on UWM from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group raised their price target on UWM from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, Wedbush raised their price objective on UWM from $7.00 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, UWM presently has a consensus rating of “Hold” and an average price target of $7.39.

UWM Stock Performance

Shares of UWM stock opened at $8.33 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $796.16 million, a P/E ratio of 277.67 and a beta of 1.63. The business has a fifty day simple moving average of $8.77 and a two-hundred day simple moving average of $7.63. UWM Holdings Co. has a 12 month low of $4.49 and a 12 month high of $9.74.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $507.09 million during the quarter, compared to analysts’ expectations of $540.31 million. During the same period in the previous year, the company posted $0.11 earnings per share. On average, equities analysts forecast that UWM Holdings Co. will post 0.27 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Thursday, September 19th. UWM’s dividend payout ratio is presently 1,333.33%.

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.