This afternoon we watched UWM drop -4.0% to a price of $5.58 per share. The small-cap Diversified Financial company is now trading -5.35% below its average target price of $5.89. Analysts have set target prices ranging from $4.0 to $8.0 per share for UWM, and have given the stock an average rating of hold.
The stock has an unusually large proportion of its shares sold short at 20.1%, and a short ratio of 16.7. The company's insiders own 4.44% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 43.5% of UWM's shares being owned by this investor type.
Institutions Invested in UWM
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 8,814,389 | $49,140,216 |
| 2023-06-30 | Platinum Equity, LLC | 5% | 4,894,101 | $27,284,612 |
| 2023-06-30 | FMR, LLC | 5% | 4,652,633 | $25,938,428 |
| 2023-06-30 | Blackrock Inc. | 4% | 4,055,711 | $22,610,588 |
| 2023-06-30 | Northern Trust Corporation | 2% | 1,909,310 | $10,644,402 |
| 2023-06-30 | Victory Capital Management Inc. | 2% | 1,722,346 | $9,602,078 |
| 2023-06-30 | State Street Corporation | 2% | 1,412,917 | $7,877,012 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 1,322,266 | $7,371,632 |
| 2023-06-30 | Renaissance Technologies, LLC | 1% | 1,304,980 | $7,275,263 |
| 2023-06-30 | Bank Of New York Mellon Corporation | 1% | 832,135 | $4,639,152 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on UWM.
