UWM Holdings Co. (NYSE:UWMC) Short Interest Update

UWM Holdings Co. (NYSE:UWMC) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 12,540,000 shares, a decline of 15.3% from the September 30th total of 14,800,000 shares. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is presently 5.3 days. Currently, 18.3% of the company’s stock are sold short.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 1,200,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.45, for a total value of $10,140,000.00. Following the transaction, the chief executive officer now directly owns 171,520 shares of the company’s stock, valued at $1,449,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 94.11% of the company’s stock.

Institutional Trading of UWM

Several institutional investors and hedge funds have recently bought and sold shares of UWMC. ORG Partners LLC purchased a new position in UWM during the 1st quarter worth approximately $29,000. CWM LLC boosted its holdings in UWM by 96.4% in the second quarter. CWM LLC now owns 6,471 shares of the company’s stock valued at $45,000 after acquiring an additional 3,177 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of UWM during the 2nd quarter valued at $52,000. SageView Advisory Group LLC acquired a new stake in UWM in the first quarter valued at approximately $55,000. Finally, Xponance Inc. acquired a new stake in shares of UWM during the second quarter valued at about $76,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

UWM Stock Up 1.1 %

Shares of UWMC stock traded up $0.07 during mid-day trading on Wednesday, hitting $6.61. The stock had a trading volume of 3,892,324 shares, compared to its average volume of 1,858,966. The firm has a market capitalization of $632.00 million, a P/E ratio of -330.50 and a beta of 1.63. UWM has a 12-month low of $4.81 and a 12-month high of $9.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.48 and a quick ratio of 1.48. The firm’s 50-day moving average is $8.18 and its two-hundred day moving average is $7.68.

UWM (NYSE:UWMC) last released its earnings results on Tuesday, August 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $507.09 million during the quarter, compared to analysts’ expectations of $540.31 million. During the same period last year, the business earned $0.11 earnings per share. On average, analysts predict that UWM will post 0.26 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.40 annualized dividend and a dividend yield of 6.05%. UWM’s dividend payout ratio (DPR) is -2,000.00%.

Wall Street Analyst Weigh In

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

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.