UWM Holdings Co. (NYSE:UWMC) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its position in shares of UWM Holdings Co. (NYSE:UWMC) by 59.9% during the third quarter, HoldingsChannel reports. The firm owned 230,455 shares of the company’s stock after purchasing an additional 86,356 shares during the quarter. GSA Capital Partners LLP’s holdings in UWM were worth $1,963,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC lifted its position in shares of UWM by 96.4% during 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 in the last quarter. International Assets Investment Management LLC acquired a new position in shares of UWM during the second quarter worth $52,000. SageView Advisory Group LLC acquired a new position in shares of UWM during the first quarter worth $55,000. Xponance Inc. acquired a new position in shares of UWM during the second quarter worth $76,000. Finally, Intech Investment Management LLC bought a new stake in shares of UWM in the second quarter worth $85,000. 53.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UWMC has been the subject of a number of research analyst reports. UBS Group lifted 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. Morgan Stanley initiated coverage on shares of UWM in a research note on Tuesday, November 5th. They issued an “equal weight” rating and a $7.50 price target for the company. BTIG Research lifted their price target on shares of UWM from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods lifted their price target on shares of UWM from $7.00 to $8.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, UWM presently has an average rating of “Hold” and a consensus target price of $7.66.

Insider Transactions at UWM

In other news, CEO Ishbia Mat sold 1,200,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the completion of the transaction, the chief executive officer now owns 171,520 shares in the company, valued at approximately $1,449,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 94.11% of the company’s stock.

UWM Stock Down 2.7 %

UWMC stock opened at $6.03 on Wednesday. The firm has a fifty day moving average price of $7.70 and a two-hundred day moving average price of $7.70. The firm has a market cap of $576.06 million, a price-to-earnings ratio of -26.20 and a beta of 1.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.48 and a quick ratio of 1.48. UWM Holdings Co. has a 1-year low of $5.35 and a 1-year high of $9.74.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 6.64%. UWM’s dividend payout ratio is currently -173.91%.

UWM 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.