UWM Holdings Corporation (UWMC) To Go Ex-Dividend on December 18th

UWM Holdings Corporation (NYSE:UWMC) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.10 per share on Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Thursday, December 18th.

UWM has a payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect UWM to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 87.0%.

UWM Price Performance

Shares of UWMC opened at $5.28 on Tuesday. The stock’s 50-day moving average price is $5.49 and its 200 day moving average price is $5.18. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. UWM has a 12-month low of $3.80 and a 12-month high of $7.14.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. On average, analysts predict that UWM will post 0.2 earnings per share for the current year.

Insider Activity

In related news, CEO Ishbia Mat sold 612,287 shares of UWM stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $3,349,209.89. Following the completion of the transaction, the chief executive officer directly owned 3,730,973 shares of the company’s stock, valued at $20,408,422.31. This trade represents a 14.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 22,001,475 shares of company stock worth $125,119,410. Company insiders own 87.50% of the company’s stock.

Institutional Trading of UWM

Hedge funds have recently modified their holdings of the company. Swiss National Bank boosted its holdings in shares of UWM by 38.6% in the 1st quarter. Swiss National Bank now owns 244,700 shares of the company’s stock worth $1,336,000 after acquiring an additional 68,100 shares in the last quarter. Invesco Ltd. increased its holdings in UWM by 19.0% during the 1st quarter. Invesco Ltd. now owns 130,400 shares of the company’s stock valued at $712,000 after purchasing an additional 20,816 shares in the last quarter. Nuveen LLC bought a new position in UWM in the 1st quarter valued at $1,191,000. Russell Investments Group Ltd. boosted its stake in UWM by 769.3% in the first quarter. Russell Investments Group Ltd. now owns 13,413 shares of the company’s stock worth $73,000 after purchasing an additional 11,870 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in UWM in the first quarter worth $115,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

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.