Susquehanna Fundamental Investments LLC Acquires Shares of 355,155 UWM Holdings Co. (NYSE:UWMC)

Susquehanna Fundamental Investments LLC bought a new position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 355,155 shares of the company's stock, valued at approximately $2,085,000.

Several other hedge funds also recently added to or reduced their stakes in UWMC. Barclays PLC increased its holdings in shares of UWM by 485.7% during the third quarter. Barclays PLC now owns 26,022 shares of the company's stock valued at $221,000 after acquiring an additional 21,579 shares in the last quarter. Geode Capital Management LLC increased its stake in UWM by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company's stock valued at $13,183,000 after purchasing an additional 41,206 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of UWM in the third quarter worth $239,000. Tidal Investments LLC acquired a new stake in shares of UWM during the third quarter worth $3,833,000. Finally, Wedmont Private Capital increased its position in shares of UWM by 103.1% in 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 during the period. 53.59% of the stock is owned by institutional investors and hedge funds.

UWM Price Performance

Shares of UWM stock traded down $0.04 on Monday, hitting $4.85. The company's stock had a trading volume of 861,089 shares, compared to its average volume of 4,210,382. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. UWM Holdings Co. has a 1 year low of $4.14 and a 1 year high of $9.74. The firm has a fifty day moving average price of $5.35 and a 200-day moving average price of $5.89. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of -21.07 and a beta of 1.75.

UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $560.21 million for the quarter, compared to analyst estimates of $645.75 million. As a group, sell-side analysts anticipate that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.26%. The ex-dividend date of this dividend was Thursday, March 20th. UWM's dividend payout ratio is currently 500.00%.

Analysts Set New Price Targets

UWMC has been the topic of several research analyst reports. Wedbush reiterated a "neutral" rating and set a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upgraded shares of UWM from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $6.50 to $7.50 in a research note on Monday, March 3rd. Finally, UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and reduced their target price for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Five 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, UWM presently has an average rating of "Hold" and an average price target of $7.21.

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.