UWM Holdings Corporation $UWMC Stake Cut by Carrera Capital Advisors

Carrera Capital Advisors cut its holdings in shares of UWM Holdings Corporation (NYSE:UWMC) by 42.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 281,412 shares of the company’s stock after selling 204,966 shares during the quarter. Carrera Capital Advisors’ holdings in UWM were worth $1,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oak Thistle LLC purchased a new stake in shares of UWM during the 3rd quarter worth about $1,337,000. Hsbc Holdings PLC bought a new stake in shares of UWM in the 2nd quarter valued at approximately $792,000. AGF Management Ltd. acquired a new position in UWM in the second quarter worth approximately $3,072,000. 683 Capital Management LLC bought a new position in UWM during the second quarter valued at approximately $19,872,000. Finally, Capital Fund Management S.A. lifted its stake in UWM by 260.9% in the second quarter. Capital Fund Management S.A. now owns 573,583 shares of the company’s stock valued at $2,375,000 after acquiring an additional 414,667 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Stock Performance

UWMC opened at $4.90 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. The stock’s 50 day moving average price is $5.28 and its two-hundred day moving average price is $5.40. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $7.14.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The business had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. Sell-side analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 8.2%.

Analysts Set New Price Targets

Several analysts have commented on UWMC shares. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a report on Thursday, December 18th. UBS Group raised their target price on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.53.

Insider Activity

In related news, CEO Ishbia Mat sold 632,874 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $4.57, for a total value of $2,892,234.18. Following the completion of the sale, the chief executive officer owned 2,245,619 shares in the company, valued at approximately $10,262,478.83. This trade represents a 21.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 19,787,071 shares of company stock worth $105,009,906. Insiders own 87.50% of the company’s stock.

UWM Profile

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.