Voloridge Investment Management LLC Has $4.11 Million Position in UWM Holdings Co. (NYSE:UWMC)

Voloridge Investment Management LLC boosted its position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 699,778 shares of the company's stock after buying an additional 62,978 shares during the quarter. Voloridge Investment Management LLC's holdings in UWM were worth $4,108,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UWMC. First Trust Advisors LP boosted its stake in UWM by 886.9% during the fourth quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock valued at $21,880,000 after buying an additional 3,349,779 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of UWM by 37.6% during the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock valued at $69,060,000 after purchasing an additional 3,212,081 shares during the last quarter. Basswood Capital Management L.L.C. purchased a new stake in shares of UWM during the fourth quarter valued at $6,602,000. EMG Holdings L.P. purchased a new stake in shares of UWM during the fourth quarter valued at $2,597,000. Finally, Trexquant Investment LP purchased a new stake in shares of UWM during the fourth quarter valued at $2,450,000. Institutional investors own 53.59% of the company's stock.

UWM Stock Up 1.8%

UWMC stock traded up $0.08 during mid-day trading on Thursday, hitting $4.27. The stock had a trading volume of 5,597,322 shares, compared to its average volume of 3,208,649. 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 stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of -18.54 and a beta of 1.75. The company has a fifty day moving average of $4.65 and a 200 day moving average of $5.60. UWM Holdings Co. has a 1-year low of $3.89 and a 1-year high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.29). The business had revenue of $613.37 million during the quarter, compared to the consensus estimate of $558.80 million. On average, equities analysts expect that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

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

Wall Street Analyst Weigh In

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

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.