Oak Thistle LLC Purchases Shares of 219,501 UWM Holdings Corporation $UWMC

by · The Cerbat Gem

Oak Thistle LLC acquired a new position in UWM Holdings Corporation (NYSE:UWMCFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 219,501 shares of the company’s stock, valued at approximately $1,337,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after buying an additional 4,344 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of UWM in the second quarter worth $35,000. R Squared Ltd purchased a new position in shares of UWM during the second quarter worth $51,000. Quarry LP purchased a new position in shares of UWM during the first quarter worth $53,000. Finally, Focus Partners Wealth acquired a new position in UWM during the first quarter valued at $55,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Insider Transactions at UWM

In other news, CEO Ishbia Mat sold 612,287 shares of UWM stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $5.80, for a total value of $3,551,264.60. Following the sale, the chief executive officer owned 9,241,556 shares in the company, valued at $53,601,024.80. This trade represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 21,405,119 shares of company stock worth $121,058,226 over the last quarter. Company insiders own 87.50% of the company’s stock.

UWM Stock Performance

NYSE UWMC opened at $4.86 on Thursday. The stock has a 50-day moving average of $5.47 and a 200 day moving average of $5.18. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14.

UWM (NYSE:UWMCGet Free Report) last posted 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 business had revenue of $151.14 million during the quarter, compared to analysts’ expectations of $651.51 million. UWM had a net margin of 0.61% and a negative return on equity of 6.81%. As a group, equities research analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, December 18th.

Analyst Ratings Changes

Several equities research analysts have weighed in on UWMC shares. Morgan Stanley set a $6.00 price target on UWM in a research report on Tuesday. Barclays raised their target price on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Wall Street Zen cut UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. BTIG Research restated a “buy” rating and issued a $10.00 price objective on shares of UWM in a research report on Monday, September 22nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.46.

Check Out Our Latest Analysis on UWM

About UWM

(Free Report)

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.

Read More

Want to see what other hedge funds are holding UWMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UWM Holdings Corporation (NYSE:UWMCFree Report).