150,000 Shares in UWM Holdings Co. (NYSE:UWMC) Bought by Salzhauer Michael

Salzhauer Michael bought a new position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company's stock, valued at approximately $880,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UWMC. Vanguard Group Inc. grew its stake in shares of UWM by 37.6% in the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock worth $69,060,000 after purchasing an additional 3,212,081 shares in the last quarter. State Street Corp raised its holdings in UWM by 5.0% during the third quarter. State Street Corp now owns 1,592,084 shares of the company's stock worth $13,723,000 after purchasing an additional 76,221 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of UWM by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company's stock worth $13,183,000 after buying an additional 41,206 shares in the last quarter. Bank of New York Mellon Corp raised its position in UWM by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,087,978 shares of the company's stock worth $6,386,000 after acquiring an additional 147,459 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in UWM by 51.0% during the fourth quarter. Bank of Nova Scotia now owns 621,392 shares of the company's stock valued at $3,648,000 after purchasing an additional 209,903 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analyst Weigh In

UWMC has been the topic of several research analyst reports. UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and lowered their price objective for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods raised shares of UWM from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $6.50 to $7.50 in a research report on Monday, March 3rd. Finally, Wedbush reiterated a "neutral" rating and set a $6.50 price objective on shares of UWM in a report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.21.

UWM Price Performance

NYSE UWMC traded up $0.05 on Tuesday, reaching $4.46. The company's stock had a trading volume of 499,060 shares, compared to its average volume of 2,875,970. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $5.68 and a 200 day moving average price of $6.07. The firm has a market cap of $7.12 billion, a PE ratio of -19.37 and a beta of 1.64. UWM Holdings Co. has a 52 week low of $4.15 and a 52 week high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to analyst estimates of $645.75 million. Sell-side analysts expect that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.98%. UWM's dividend payout ratio (DPR) is presently 500.00%.

UWM Profile

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