PDT Partners LLC Has $200,000 Stock Holdings in UWM Holdings Co. (NYSE:UWMC)

PDT Partners LLC decreased its position 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 (SEC). The fund owned 34,066 shares of the company's stock after selling 69,515 shares during the quarter. PDT Partners LLC's holdings in UWM were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of UWMC. Vanguard Group Inc. boosted its position in UWM by 37.6% in the 4th quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock valued at $69,060,000 after buying an additional 3,212,081 shares during the period. First Trust Advisors LP grew its stake in 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 purchasing an additional 3,349,779 shares during the last quarter. Bank of New York Mellon Corp lifted its position in UWM by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,087,978 shares of the company's stock valued at $6,386,000 after acquiring an additional 147,459 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of UWM by 51.0% in the 4th quarter. Bank of Nova Scotia now owns 621,392 shares of the company's stock worth $3,648,000 after purchasing an additional 209,903 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in UWM by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 580,547 shares of the company's stock worth $3,408,000 after acquiring an additional 6,257 shares in the last quarter. Institutional investors own 53.59% of the company's stock.

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 dropped their price objective on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $4.75 to $4.50 in a research 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. Based on data from MarketBeat, UWM has an average rating of "Hold" and a consensus target price of $6.86.

UWM Price Performance

Shares of NYSE UWMC traded up $0.01 during trading on Wednesday, reaching $4.08. The company had a trading volume of 8,829,250 shares, compared to its average volume of 2,995,110. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $6.51 billion, a PE ratio of -17.72 and a beta of 1.75. The stock has a 50-day moving average price of $5.28 and a two-hundred day moving average price of $5.86. UWM Holdings Co. has a twelve month low of $4.04 and a twelve month high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates 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 predict that UWM Holdings Co. will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.82%. The ex-dividend date is Wednesday, June 18th. UWM's dividend payout ratio (DPR) is currently 500.00%.

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.