UWM (NYSE:UWMC) Shares Up 4.8%

UWM Holdings Co. (NYSE:UWMC - Get Free Report)'s stock price was up 4.8% during trading on Thursday . The stock traded as high as $6.42 and last traded at $6.39. Approximately 545,516 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 1,616,887 shares. The stock had previously closed at $6.10.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UWMC shares. Keefe, Bruyette & Woods downgraded shares of UWM from a "market perform" rating to an "underperform" rating and set a $6.00 target price for the company. in a research note on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of UWM in a research note on Wednesday, January 10th. They set a "hold" rating and a $6.00 target price for the company. Finally, UBS Group reiterated a "sell" rating and set a $4.00 target price on shares of UWM in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.59.

UWM Trading Up 5.7 %

The stock has a market capitalization of $609.59 million, a PE ratio of -34.16 and a beta of 1.60. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.12. The business's 50-day moving average is $6.80 and its two-hundred day moving average is $6.13.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.26). UWM had a net margin of 0.79% and a return on equity of 2.45%. The company had revenue of ($114.58) million during the quarter, compared to analysts' expectations of $402.14 million. On average, analysts anticipate that UWM Holdings Co. will post 0.31 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Wednesday, March 20th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.20%. UWM's payout ratio is -210.53%.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in shares of UWM in the fourth quarter valued at about $174,000. Neo Ivy Capital Management acquired a new position in shares of UWM during the fourth quarter worth about $272,000. Price T Rowe Associates Inc. MD increased its stake in shares of UWM by 4.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,741 shares of the company's stock worth $392,000 after acquiring an additional 2,344 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of UWM during the fourth quarter worth about $266,000. Finally, GSA Capital Partners LLP acquired a new position in shares of UWM during the fourth quarter worth about $599,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

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.