UWM Target of Unusually Large Options Trading (NYSE:UWMC)

UWM Holdings Co. (NYSE:UWMC - Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders acquired 5,109 call options on the stock. This is an increase of approximately 55% compared to the average daily volume of 3,296 call options.

UWM Stock Performance

NYSE:UWMC traded down $0.11 during midday trading on Tuesday, reaching $4.00. 8,426,377 shares of the company traded hands, compared to its average volume of 3,453,364. UWM has a twelve month low of $3.89 and a twelve month high of $9.74. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of -17.37 and a beta of 1.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The company has a fifty day moving average price of $4.34 and a 200 day moving average price of $5.42.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $613.37 million during the quarter, compared to analyst estimates of $558.80 million. On average, analysts expect that UWM will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend is Wednesday, June 18th. UWM's dividend payout ratio (DPR) is -307.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in UWM by 101.8% in the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after purchasing an additional 2,958 shares during the last quarter. Signaturefd LLC grew its position in UWM by 135.4% in the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after purchasing an additional 4,693 shares during the last quarter. Quarry LP bought a new position in UWM in the 1st quarter worth about $53,000. Focus Partners Wealth bought a new position in UWM in the 1st quarter worth about $55,000. Finally, Independent Advisor Alliance bought a new position in shares of UWM in the first quarter valued at approximately $58,000. Institutional investors own 53.59% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UWMC shares. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and dropped their target price for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on shares of UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Wedbush reissued a "neutral" rating and issued a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, UWM presently has a consensus rating of "Hold" and an average price target 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.

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