UWM Holdings Co. (NYSE:UWMC) Given Consensus Recommendation of “Hold” by Brokerages

UWM Holdings Co. (NYSE:UWMC) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.21.

Several equities analysts have recently weighed in on UWMC shares. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $6.50 to $7.50 in a research report on Monday, March 3rd. Wedbush reaffirmed a “neutral” rating and set a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Finally, UBS Group raised shares of UWM from a “sell” rating to a “neutral” rating and reduced their target price for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake 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 acquiring an additional 2,958 shares in the last quarter. Townsquare Capital LLC bought a new position in UWM in the fourth quarter worth approximately $72,000. Sanctuary Advisors LLC purchased a new position in UWM during the 4th quarter worth $77,000. HB Wealth Management LLC raised its position in UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after purchasing an additional 2,631 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of UWM in the 4th quarter worth $82,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Stock Performance

Shares of NYSE:UWMC opened at $4.53 on Monday. The firm has a fifty day simple moving average of $5.72 and a two-hundred day simple moving average of $6.09. 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 stock has a market capitalization of $7.23 billion, a P/E ratio of -19.67 and a beta of 1.64. UWM has a 52 week low of $4.15 and a 52 week high of $9.74.

UWM (NYSE:UWMC) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. On average, analysts expect that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 8.84%. UWM’s dividend payout ratio (DPR) 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.