Freestone Grove Partners LP Makes New $395,000 Investment in UWM Holdings Co. (NYSE:UWMC)

Freestone Grove Partners LP bought a new position in UWM Holdings Co. (NYSE:UWMC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 67,343 shares of the company's stock, valued at approximately $395,000.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of UWM by 485.7% in the 3rd quarter. Barclays PLC now owns 26,022 shares of the company's stock worth $221,000 after purchasing an additional 21,579 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in UWM during the third quarter worth $239,000. Wedmont Private Capital boosted its position in UWM by 103.1% during the 4th quarter. Wedmont Private Capital now owns 40,857 shares of the company's stock valued at $223,000 after acquiring an additional 20,744 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of UWM by 34.6% in the 4th quarter. 180 Wealth Advisors LLC now owns 61,784 shares of the company's stock valued at $363,000 after acquiring an additional 15,878 shares during the period. Finally, HB Wealth Management LLC raised its position in shares of UWM by 23.0% in 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. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group cut their target price on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wedbush reiterated a "neutral" rating and set a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and decreased their price target for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods dropped their price target on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, UWM has a consensus rating of "Hold" and an average target price of $6.86.

UWM Stock Performance

UWMC traded up $0.13 during trading on Thursday, reaching $4.21. 6,466,406 shares of the company's stock were exchanged, compared to its average volume of 3,017,815. The company's fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.85. The stock has a market capitalization of $6.72 billion, a P/E ratio of -18.28 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM Holdings Co. has a 1 year low of $4.04 and a 1 year high of $9.74.

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

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.51%. The ex-dividend date of this dividend is Wednesday, June 18th. UWM's dividend payout ratio is currently 500.00%.

UWM Company 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.