Susquehanna Fundamental Investments LLC Acquires New Shares in UWM Holdings Co. (NYSE:UWMC)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in shares of UWM by 886.9% in 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 during the period. Vanguard Group Inc. grew its position in UWM by 37.6% during the 4th quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock worth $69,060,000 after acquiring an additional 3,212,081 shares during the last quarter. Tidal Investments LLC bought a new position in shares of UWM in the third quarter valued at about $3,833,000. EMG Holdings L.P. acquired a new position in UWM during the 4th quarter worth about $2,597,000. Finally, Trexquant Investment LP bought a new stake in UWM during the 4th quarter worth about $2,450,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analyst Weigh In

UWMC has been the topic of several research reports. Keefe, Bruyette & Woods raised UWM from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $6.50 to $7.50 in a report on Monday, March 3rd. Wedbush reiterated a "neutral" rating and issued a $6.50 price objective on shares of UWM in a research report on Monday, March 3rd. Finally, UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and dropped their price objective for the company 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.21.

UWM Stock Up 3.6 %

Shares of NYSE:UWMC traded up $0.17 during midday trading on Friday, reaching $4.90. 3,547,827 shares of the company were exchanged, compared to its average volume of 2,935,351. The firm has a market cap of $7.83 billion, a PE ratio of -21.30 and a beta of 1.64. UWM Holdings Co. has a fifty-two week low of $4.15 and a fifty-two week high of $9.74. The stock has a fifty day simple moving average of $5.35 and a two-hundred day simple moving average of $5.90. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

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

UWM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 8.16%. UWM's dividend payout ratio is 500.00%.

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.