Boothbay Fund Management LLC acquired a new position in UWM Holdings Co. (NYSE:UWMC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 186,589 shares of the company's stock, valued at approximately $1,095,000.
Several other institutional investors and hedge funds have also recently modified their holdings of UWMC. Susquehanna Fundamental Investments LLC bought a new stake in shares of UWM during the fourth quarter valued at approximately $2,085,000. Two Sigma Securities LLC boosted its holdings in shares of UWM by 130.8% during the 4th quarter. Two Sigma Securities LLC now owns 33,465 shares of the company's stock valued at $196,000 after buying an additional 18,965 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in shares of UWM in the 4th quarter worth about $532,000. Price T Rowe Associates Inc. MD increased its stake in shares of UWM by 13.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock worth $174,000 after acquiring an additional 3,524 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in UWM by 886.9% during the 4th quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock valued at $21,880,000 after acquiring an additional 3,349,779 shares during the period. 53.59% of the stock is owned by hedge funds and other institutional investors.
UWM Price Performance
NYSE UWMC opened at $4.57 on Tuesday. UWM Holdings Co. has a one year low of $4.15 and a one year high of $9.74. The stock has a 50-day moving average of $5.49 and a 200 day moving average of $5.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of -19.87 and a beta of 1.64.
UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $560.21 million for the quarter, compared to analysts' expectations of $645.75 million. On average, sell-side analysts forecast that UWM Holdings Co. will post 0.2 EPS for the current year.
UWM Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 8.75%. UWM's payout ratio is 500.00%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Wedbush restated a "neutral" rating and issued a $6.50 price objective on shares of UWM in a report on Monday, March 3rd. Keefe, Bruyette & Woods raised UWM from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $6.50 to $7.50 in a research report on Monday, March 3rd. Finally, UBS Group raised UWM from a "sell" rating to a "neutral" rating and dropped their target price for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7.21.
View Our Latest Analysis on UWM
UWM Company Profile
(
Free Report)
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.
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