Tudor Investment Corp ET AL Invests $12.24 Million in UWM Holdings Corporation $UWMC

Tudor Investment Corp ET AL bought a new position in shares of UWM Holdings Corporation (NYSE:UWMC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,009,295 shares of the company’s stock, valued at approximately $12,237,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after acquiring an additional 4,091 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 4,344 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of UWM in the 2nd quarter worth about $35,000. Advisory Services Network LLC acquired a new position in shares of UWM in the 3rd quarter valued at about $38,000. Finally, Focus Partners Wealth acquired a new position in shares of UWM in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Insider Activity at UWM

In related news, CEO Ishbia Mat sold 1,000,574 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70. Following the transaction, the chief executive officer directly owned 2,329,857 shares of the company’s stock, valued at $8,270,992.35. This trade represents a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,825,868 shares of company stock valued at $102,811,994 in the last three months. Corporate insiders own 87.50% of the company’s stock.

UWM Stock Performance

UWMC opened at $3.73 on Monday. UWM Holdings Corporation has a 1-year low of $3.38 and a 1-year high of $7.14. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 62.08 and a beta of 1.93. The company’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $5.06. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64.

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

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Thursday, March 19th. UWM’s dividend payout ratio is presently 666.67%.

Analysts Set New Price Targets

Several equities research analysts recently commented on UWMC shares. Compass Point began coverage on UWM in a research note on Tuesday, March 10th. They set a “buy” rating and a $8.50 target price for the company. Argus raised UWM to a “hold” rating in a research note on Tuesday, March 31st. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Keefe, Bruyette & Woods reduced their price objective on shares of UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 27th. Finally, BTIG Research reiterated a “buy” rating and issued a $10.00 price objective on shares of UWM in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.49.

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.