UWM Holdings Corporation $UWMC Stock Holdings Lifted by Azora Capital LP

Azora Capital LP boosted its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 56.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,414,467 shares of the company’s stock after purchasing an additional 1,232,892 shares during the period. Azora Capital LP owned 0.21% of UWM worth $20,794,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. State of Wyoming grew its position in UWM by 24.9% during the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock valued at $89,000 after purchasing an additional 2,902 shares in the last quarter. Arizona State Retirement System increased its stake in UWM by 8.1% in the 3rd quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock valued at $309,000 after buying an additional 3,785 shares during the period. GAMMA Investing LLC lifted its position in UWM by 408.7% in 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 in the last quarter. HB Wealth Management LLC lifted its position in UWM by 40.9% in the 3rd quarter. HB Wealth Management LLC now owns 16,162 shares of the company’s stock worth $98,000 after buying an additional 4,689 shares in the last quarter. Finally, Equitable Holdings Inc. boosted its stake in shares of UWM by 26.5% during the 3rd quarter. Equitable Holdings Inc. now owns 23,589 shares of the company’s stock valued at $144,000 after buying an additional 4,943 shares during the period. 53.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $3.91, for a total value of $2,474,537.34. Following the completion of the transaction, the chief executive officer directly owned 3,601,919 shares in the company, valued at approximately $14,083,503.29. This represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 19,205,826 shares of company stock worth $93,166,931 in the last quarter. Insiders own 87.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UWMC shares. Jefferies Financial Group set a $4.40 target price on UWM in a research note on Wednesday, February 25th. BTIG Research reiterated a “buy” rating and set a $10.00 price target on shares of UWM in a report on Tuesday, March 10th. Weiss Ratings raised shares of UWM from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, February 26th. Barclays decreased their price objective on shares of UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, The Goldman Sachs Group set a $5.00 target price on shares of UWM in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.49.

UWM Stock Performance

Shares of NYSE UWMC opened at $3.66 on Friday. UWM Holdings Corporation has a 12 month low of $3.62 and a 12 month high of $7.14. The company has a market cap of $5.85 billion, a P/E ratio of 60.92 and a beta of 1.90. The business’s 50 day moving average is $4.88 and its two-hundred day moving average is $5.34. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The business had revenue of $945.25 million during the quarter, compared to the consensus estimate of $759.12 million. On average, equities analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.9%. The ex-dividend date is Thursday, March 19th. UWM’s payout ratio is currently 666.67%.

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.