Integrated Investment Consultants LLC Sells 4,839,364 Shares of UWM Holdings Corporation $UWMC

Integrated Investment Consultants LLC cut its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 90.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 518,604 shares of the company’s stock after selling 4,839,364 shares during the quarter. Integrated Investment Consultants LLC’s holdings in UWM were worth $2,271,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new position in shares of UWM during the 3rd quarter valued at approximately $12,237,000. Alight Capital Management LP bought a new position in shares of UWM during the 3rd quarter valued at approximately $3,958,000. Vanguard Group Inc. grew its stake in shares of UWM by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after acquiring an additional 1,010,907 shares during the period. Luxor Capital Group LP bought a new position in shares of UWM during the 3rd quarter valued at approximately $7,473,000. Finally, Azora Capital LP grew its stake in shares of UWM by 56.5% during the 3rd quarter. Azora Capital LP now owns 3,414,467 shares of the company’s stock valued at $20,794,000 after acquiring an additional 1,232,892 shares during the period. 53.59% of the stock is currently owned by institutional investors.

UWM Trading Down 0.2%

UWMC stock opened at $3.00 on Monday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 11.09 and a beta of 1.78. UWM Holdings Corporation has a 1-year low of $2.95 and a 1-year high of $7.14. The business has a 50 day simple moving average of $3.64 and a two-hundred day simple moving average of $4.62.

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

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th 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 13.4%. The ex-dividend date is Thursday, June 18th. UWM’s dividend payout ratio is currently 148.15%.

Analyst Ratings Changes

A number of research analysts recently issued reports on UWMC shares. Barclays cut their price objective on UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Morgan Stanley set a $5.00 price objective on UWM in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $5.50 price target on shares of UWM in a research note on Thursday, May 7th. Argus upgraded UWM to a “hold” rating in a research note on Tuesday, March 31st. Finally, Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.79.

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 1,003,333 shares of the stock in a transaction that occurred 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 directly owned 2,995,754 shares in the company, valued at approximately $10,694,841.78. This represents a 25.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,638,500 shares of company stock worth $115,619,093. 80.30% of the stock is currently owned by corporate insiders.

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.