UWM Holdings Co. (NYSE:UWMC) Director Robert Verdun Acquires 40,000 Shares

UWM Holdings Co. (NYSE:UWMCGet Free Report) Director Robert Verdun purchased 40,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was acquired at an average cost of $5.20 per share, for a total transaction of $208,000.00. Following the completion of the purchase, the director now owns 204,725 shares of the company’s stock, valued at approximately $1,064,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UWM Stock Performance

Shares of NYSE UWMC traded up $0.20 during trading on Thursday, reaching $5.35. 564,333 shares of the stock traded hands, compared to its average volume of 1,101,443. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $498.17 million, a P/E ratio of 103.10 and a beta of 1.53. UWM Holdings Co. has a 52-week low of $2.84 and a 52-week high of $6.98. The company has a 50-day moving average of $5.95 and a 200-day moving average of $5.46.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.40 dividend on an annualized basis and a yield of 7.48%. UWM’s dividend payout ratio is presently 800.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UWMC shares. UBS Group increased their target price on shares of UWM from $4.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th. Jefferies Financial Group raised UWM from a “hold” rating to a “buy” rating and raised their price objective for the company from $5.50 to $7.00 in a research note on Friday, May 26th. Wedbush lifted their price target on shares of UWM from $5.00 to $6.50 and gave the company a “neutral” rating in a research report on Thursday, August 10th. Morgan Stanley boosted their price target on shares of UWM from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, The Goldman Sachs Group raised their price objective on shares of UWM from $6.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.33.

Get Our Latest Stock Report on UWMC

Institutional Trading of UWM

A number of institutional investors have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC grew its stake in UWM by 14.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 23,158 shares of the company’s stock valued at $114,000 after acquiring an additional 2,873 shares in the last quarter. Islay Capital Management LLC bought a new stake in shares of UWM during the 1st quarter valued at about $664,000. 180 Wealth Advisors LLC grew its holdings in shares of UWM by 4.8% during the first quarter. 180 Wealth Advisors LLC now owns 44,186 shares of the company’s stock worth $217,000 after purchasing an additional 2,016 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of UWM in the fourth quarter worth approximately $187,000. Finally, Baker Tilly Wealth Management LLC raised its stake in UWM by 189.4% in the first quarter. Baker Tilly Wealth Management LLC now owns 30,582 shares of the company’s stock valued at $150,000 after purchasing an additional 20,015 shares in the last quarter. 44.44% of the stock is currently owned by hedge funds and other institutional investors.

About UWM

(Get Free Report)

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates 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.

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