Quantbot Technologies LP Grows Holdings in UWM Holdings Co. (NYSE:UWMC)

Quantbot Technologies LP lifted its position in shares of UWM Holdings Co. (NYSE:UWMC) by 123.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,728 shares of the company’s stock after acquiring an additional 150,981 shares during the quarter. Quantbot Technologies LP owned 0.29% of UWM worth $2,332,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in UWM by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,948 shares of the company’s stock worth $421,000 after purchasing an additional 3,207 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of UWM by 24.5% during the 2nd quarter. Squarepoint Ops LLC now owns 342,322 shares of the company’s stock valued at $2,372,000 after buying an additional 67,383 shares in the last quarter. SG Americas Securities LLC grew its stake in UWM by 1,743.3% in the 2nd quarter. SG Americas Securities LLC now owns 239,830 shares of the company’s stock valued at $1,662,000 after acquiring an additional 226,819 shares during the period. Renaissance Technologies LLC increased its holdings in UWM by 13.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,712,900 shares of the company’s stock worth $11,870,000 after acquiring an additional 199,900 shares in the last quarter. Finally, Inspire Investing LLC raised its position in UWM by 366.1% during the third quarter. Inspire Investing LLC now owns 179,298 shares of the company’s stock worth $1,528,000 after acquiring an additional 140,830 shares during the period. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Price Performance

Shares of UWMC opened at $6.56 on Friday. The firm has a 50-day simple moving average of $7.01 and a two-hundred day simple moving average of $7.63. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM Holdings Co. has a 1-year low of $5.42 and a 1-year high of $9.74. The stock has a market cap of $10.48 billion, a PE ratio of -28.52 and a beta of 1.67.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a yield of 6.10%. UWM’s dividend payout ratio (DPR) is presently -173.91%.

Analysts Set New Price Targets

Several research firms recently weighed in on UWMC. UBS Group upped their price target on shares of UWM from $4.50 to $4.75 and gave the stock a “sell” rating in a research report on Thursday, September 5th. BTIG Research raised their target price on UWM from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Wedbush boosted their price target on UWM from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, October 8th. Finally, Morgan Stanley initiated coverage on shares of UWM in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $7.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.53.

Insider Activity

In related news, CEO Ishbia Mat sold 1,200,000 shares of UWM stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 171,520 shares in the company, valued at $1,449,344. The trade was a 87.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 94.11% of the company’s stock.

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.