UWM (NYSE:UWMC) Stock Price Down 5.2% - Time to Sell?

UWM Holdings Co. (NYSE:UWMC - Get Free Report)'s share price traded down 5.2% during mid-day trading on Monday . The company traded as low as $4.11 and last traded at $4.08. 828,265 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 3,233,905 shares. The stock had previously closed at $4.30.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and cut their price objective for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods cut their price objective on shares of UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Wedbush reaffirmed a "neutral" rating and issued a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group cut their price objective on shares of UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.86.

UWM Stock Down 0.2%

The firm has a market cap of $6.57 billion, a PE ratio of -17.87 and a beta of 1.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The company's 50-day simple moving average is $4.50 and its two-hundred day simple moving average is $5.54.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The business had revenue of $613.37 million for the quarter, compared to analyst estimates of $558.80 million. On average, analysts predict that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.40 annualized dividend and a yield of 9.73%. UWM's dividend payout ratio (DPR) is presently -307.69%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UWMC. SG Americas Securities LLC raised its holdings in UWM by 121.4% in the 4th quarter. SG Americas Securities LLC now owns 42,725 shares of the company's stock worth $251,000 after purchasing an additional 23,424 shares in the last quarter. Bleakley Financial Group LLC lifted its position in UWM by 37.0% during the 4th quarter. Bleakley Financial Group LLC now owns 39,723 shares of the company's stock valued at $233,000 after acquiring an additional 10,734 shares during the period. Salzhauer Michael purchased a new position in UWM during the 4th quarter valued at about $880,000. Allspring Global Investments Holdings LLC lifted its position in UWM by 103.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 57,085 shares of the company's stock valued at $322,000 after acquiring an additional 29,042 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in UWM during the 4th quarter valued at about $77,000. 53.59% of the stock is currently owned by institutional investors.

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.