Jacobs Asset Management LLC Makes New $1.13 Million Investment in UWM Holdings Corporation $UWMC

Jacobs Asset Management LLC purchased a new position in shares of UWM Holdings Corporation (NYSE:UWMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 259,000 shares of the company’s stock, valued at approximately $1,134,000.

Several other large investors also recently bought and sold shares of UWMC. Allworth Financial LP increased its holdings in UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after purchasing an additional 4,091 shares during the period. Raymond James Financial Inc. purchased a new stake in UWM during the 2nd quarter worth about $35,000. Farther Finance Advisors LLC increased its holdings in UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after purchasing an additional 8,027 shares during the period. Advisory Services Network LLC purchased a new stake in UWM during the 3rd quarter worth about $38,000. Finally, Quent Long Short Global Small Cap Fund LP purchased a new stake in UWM during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Trading Down 0.6%

UWMC opened at $2.38 on Friday. The company has a market cap of $3.80 billion, a P/E ratio of 8.80 and a beta of 1.72. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.52 and a current ratio of 1.52. UWM Holdings Corporation has a one year low of $2.28 and a one year high of $7.14. The business’s 50-day simple moving average is $3.29 and its 200-day simple moving average is $4.27.

UWM (NYSE:UWMC) last announced its earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. UWM had a return on equity of 19.01% and a net margin of 1.92%.The firm had revenue of $901.43 million during the quarter, compared to analysts’ expectations of $709.85 million. As a group, equities research analysts expect that UWM Holdings Corporation will post 0.38 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 16.8%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s dividend payout ratio (DPR) is presently 148.15%.

Wall Street Analysts Forecast Growth

UWMC has been the topic of several recent research reports. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Stephens initiated coverage on UWM in a report on Friday, April 24th. They issued an “equal weight” rating and a $4.00 price objective on the stock. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of UWM in a report on Friday, June 5th. Finally, Argus upgraded UWM to a “hold” rating in a report on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.79.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 1,003,333 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $3.57, for a total transaction of $3,581,898.81. Following the completion of the transaction, the chief executive officer owned 2,995,754 shares of the company’s stock, valued at approximately $10,694,841.78. This trade represents a 25.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 24,942,634 shares of company stock valued at $91,607,854. Company insiders own 80.30% of the company’s stock.

UWM Company 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.