UWM Holdings Co. (NYSE:UWMC) Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 366.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,298 shares of the company’s stock after buying an additional 140,830 shares during the period. Inspire Investing LLC owned approximately 0.19% of UWM worth $1,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. McAdam LLC lifted its position in UWM by 16.0% during the 2nd quarter. McAdam LLC now owns 12,721 shares of the company’s stock worth $88,000 after acquiring an additional 1,758 shares during the period. Wedmont Private Capital grew its position in UWM by 10.8% in the 3rd quarter. Wedmont Private Capital now owns 20,113 shares of the company’s stock valued at $171,000 after buying an additional 1,963 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in UWM by 8.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 24,757 shares of the company’s stock valued at $168,000 after buying an additional 1,991 shares during the period. CWM LLC raised its position in UWM by 96.4% during the 2nd quarter. CWM LLC now owns 6,471 shares of the company’s stock worth $45,000 after buying an additional 3,177 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of UWM by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,948 shares of the company’s stock worth $421,000 after acquiring an additional 3,207 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $6.00 to $8.00 in a report on Tuesday, October 8th. Wedbush increased their target price on UWM from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. BTIG Research lifted their price target on UWM from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. UBS Group increased their price objective on UWM from $4.50 to $4.75 and gave the stock a “sell” rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group upped their price target on shares of UWM from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.68.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the transaction, the chief executive officer now owns 171,520 shares of the company’s stock, valued at $1,449,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 94.11% of the stock is owned by corporate insiders.

UWM Stock Performance

NYSE UWMC opened at $7.38 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.87. UWM Holdings Co. has a fifty-two week low of $4.77 and a fifty-two week high of $9.74. The business has a fifty day moving average of $8.67 and a 200-day moving average of $7.65. The stock has a market cap of $705.60 million, a price-to-earnings ratio of -369.00 and a beta of 1.63.

UWM (NYSE:UWMC) last announced its earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $507.09 million for the quarter, compared to analysts’ expectations of $540.31 million. During the same period last year, the firm earned $0.11 earnings per share. As a group, analysts predict that UWM Holdings Co. will post 0.26 earnings per share for the current fiscal year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.40 dividend on an annualized basis and a yield of 5.42%. UWM’s dividend payout ratio (DPR) is currently -2,000.00%.

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.