UWM Holdings Co. (NYSE:UWMC) Shares Sold by PDT Partners LLC

PDT Partners LLC lessened its holdings in UWM Holdings Co. (NYSE:UWMC - Free Report) by 67.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,066 shares of the company's stock after selling 69,515 shares during the period. PDT Partners LLC's holdings in UWM were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Trust Advisors LP lifted its stake in shares of UWM by 886.9% during the fourth quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock worth $21,880,000 after purchasing an additional 3,349,779 shares in the last quarter. Vanguard Group Inc. lifted 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 in the last quarter. Tidal Investments LLC purchased a new position in UWM in the 3rd quarter worth approximately $3,833,000. EMG Holdings L.P. purchased a new stake in shares of UWM during the fourth quarter valued at approximately $2,597,000. Finally, Trexquant Investment LP acquired a new position in shares of UWM during the fourth quarter worth $2,450,000. Institutional investors and hedge funds own 53.59% of the company's stock.

UWM Stock Performance

Shares of UWMC traded up $0.15 during mid-day trading on Thursday, hitting $4.23. The stock had a trading volume of 1,683,402 shares, compared to its average volume of 2,995,529. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The company has a market cap of $6.75 billion, a PE ratio of -18.37 and a beta of 1.75. UWM Holdings Co. has a fifty-two week low of $4.04 and a fifty-two week high of $9.74. The company's fifty day simple moving average is $5.23 and its two-hundred day simple moving average is $5.85.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly 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 firm had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. On average, equities analysts expect that UWM Holdings Co. will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.47%. The ex-dividend date is Wednesday, June 18th. UWM's dividend payout ratio (DPR) is 500.00%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UWMC. The Goldman Sachs Group lowered their price target on shares of UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday. Wedbush reaffirmed a "neutral" rating and set a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price target on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a report on Wednesday. Finally, UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and dropped their price objective for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, UWM currently has an average rating of "Hold" and a consensus target price of $6.86.

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.