UWM (NYSE:UWMC) Stock Price Down 6.3%

UWM Holdings Co. (NYSE:UWMC - Get Free Report) was down 6.3% on Monday . The company traded as low as $6.78 and last traded at $6.80. Approximately 1,069,972 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 1,417,366 shares. The stock had previously closed at $7.26.

Analyst Upgrades and Downgrades

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

UWM Stock Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50-day simple moving average of $6.82 and a 200-day simple moving average of $6.12. The firm has a market capitalization of $619.04 million, a PE ratio of -34.47 and a beta of 1.60.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $402.14 million. Equities research analysts expect that UWM Holdings Co. will post 0.29 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 6.11%. UWM's payout ratio is -210.53%.

Institutional Investors Weigh In On UWM

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of UWM by 0.3% in the third quarter. Vanguard Group Inc. now owns 8,842,460 shares of the company's stock worth $42,886,000 after buying an additional 28,071 shares during the period. FMR LLC grew its stake in UWM by 30.6% in the third quarter. FMR LLC now owns 6,077,084 shares of the company's stock worth $29,474,000 after purchasing an additional 1,424,451 shares in the last quarter. BlackRock Inc. grew its stake in UWM by 2.3% in the second quarter. BlackRock Inc. now owns 4,055,711 shares of the company's stock worth $22,712,000 after purchasing an additional 90,377 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in UWM by 2,107.2% in the third quarter. Integrated Investment Consultants LLC now owns 3,592,568 shares of the company's stock worth $17,424,000 after purchasing an additional 3,429,801 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in UWM by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,126,166 shares of the company's stock worth $15,202,000 after purchasing an additional 81,799 shares in the last quarter. 53.59% of the stock is currently 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.