UWM Holdings Co. (NYSE:UWMC) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its position in shares of UWM Holdings Co. (NYSE:UWMC) by 0.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 284,935 shares of the company’s stock after selling 2,200 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in UWM were worth $1,975,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UWMC. ORG Partners LLC acquired a new stake in shares of UWM during the first quarter worth about $29,000. Atlas Capital Advisors LLC increased its stake in UWM by 190.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock worth $37,000 after buying an additional 3,309 shares during the period. CWM LLC lifted its holdings in UWM by 96.4% during the 2nd quarter. CWM LLC now owns 6,471 shares of the company’s stock worth $45,000 after buying an additional 3,177 shares in the last quarter. Quadrant Capital Group LLC boosted its position in UWM by 63.1% in the 4th quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock valued at $55,000 after buying an additional 2,952 shares during the period. Finally, SageView Advisory Group LLC acquired a new position in shares of UWM in the first quarter worth $55,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UWMC. Barclays increased their price objective on UWM from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Tuesday, July 9th. Wedbush lifted their price objective on UWM from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. BTIG Research upped their target price 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 increased their price objective on shares of UWM from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.29.

UWM Stock Performance

Shares of UWM stock opened at $9.40 on Tuesday. The firm has a market capitalization of $898.43 million, a P/E ratio of 313.33 and a beta of 1.63. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.87. UWM Holdings Co. has a 52 week low of $4.49 and a 52 week high of $9.74. The firm’s 50 day moving average is $8.15 and its two-hundred day moving average is $7.32.

UWM (NYSE:UWMC) last posted its earnings results on Tuesday, August 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $507.09 million for the quarter, compared to analysts’ expectations of $540.31 million. During the same quarter last year, the business earned $0.11 earnings per share. Research analysts forecast that UWM Holdings Co. will post 0.28 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, September 19th. UWM’s dividend payout ratio (DPR) is currently 1,333.33%.

About UWM

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.