UWM Holdings Co. (NYSE:UWMC) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,842 shares of the company's stock after selling 158,065 shares during the quarter. Tidal Investments LLC's holdings in UWM were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of UWMC. Sanctuary Advisors LLC purchased a new stake in UWM during the fourth quarter valued at $77,000. Townsquare Capital LLC bought a new position in shares of UWM in the fourth quarter worth about $72,000. Sei Investments Co. bought a new position in UWM during the 4th quarter worth about $82,000. HB Wealth Management LLC grew its holdings in UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after acquiring an additional 2,631 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC grew its holdings in UWM by 17.4% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock worth $118,000 after acquiring an additional 2,975 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush restated a "neutral" rating and issued a $6.50 price target on shares of UWM in a report on Monday, March 3rd. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their price target on shares of UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group reduced their price target on shares of UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $6.86.

UWM Stock Up 1.8%

UWMC traded up $0.08 on Thursday, reaching $4.27. The company's stock had a trading volume of 2,240,562 shares, compared to its average volume of 3,195,607. The stock has a 50 day moving average of $4.65 and a two-hundred day moving average of $5.60. 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 company has a market capitalization of $6.82 billion, a price-to-earnings ratio of -18.50 and a beta of 1.75. UWM Holdings Co. has a fifty-two week low of $3.89 and a fifty-two week high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million during the quarter, compared to analyst estimates of $558.80 million. As a group, analysts forecast that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date is Wednesday, June 18th. UWM's payout ratio is -307.69%.

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.