Nebula Research & Development LLC Acquires Shares of 90,612 UWM Holdings Co. (NYSE:UWMC)

Nebula Research & Development LLC bought a new stake in UWM Holdings Co. (NYSE:UWMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 90,612 shares of the company's stock, valued at approximately $532,000.

Several other large investors have also modified their holdings of UWMC. Vanguard Group Inc. raised its position in shares of UWM by 37.6% during the 4th 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 during the period. Geode Capital Management LLC lifted its holdings in UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company's stock worth $13,183,000 after purchasing an additional 41,206 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of UWM during the 4th quarter worth about $121,000. Tidal Investments LLC bought a new position in UWM during the third quarter valued at about $3,833,000. Finally, Sanctuary Advisors LLC acquired a new stake in UWM during the fourth quarter valued at approximately $77,000. Institutional investors own 53.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Wedbush reissued a "neutral" rating and issued a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Finally, 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.21.

UWM Stock Up 3.6 %

Shares of NYSE:UWMC traded up $0.17 on Friday, reaching $4.90. The company had a trading volume of 3,547,827 shares, compared to its average volume of 2,933,394. UWM Holdings Co. has a twelve month low of $4.15 and a twelve month high of $9.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $5.35 and a 200 day moving average price of $5.91. The stock has a market capitalization of $7.83 billion, a P/E ratio of -21.30 and a beta of 1.64.

UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to analysts' expectations of $645.75 million. On average, equities analysts expect that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $0.10 dividend. 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 8.16%. UWM's dividend payout ratio is currently 500.00%.

About UWM

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.