UWM Holdings Co. (NYSE:UWMC) Receives Average Rating of “Hold” from Brokerages

UWM Holdings Co. (NYSE:UWMC) has been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.59.

A number of equities analysts have commented on UWMC shares. Deutsche Bank Aktiengesellschaft started coverage on UWM in a research note on Wednesday, January 10th. They issued a “hold” rating and a $6.00 price target on the stock. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target on the stock in a research note on Tuesday, April 9th.

Institutional Investors Weigh In On UWM

Hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC boosted its position in shares of UWM by 190.5% during the first quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock valued at $37,000 after purchasing an additional 3,309 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of UWM during the third quarter valued at approximately $32,000. Point72 Hong Kong Ltd bought a new stake in shares of UWM during the second quarter valued at approximately $26,000. Quadrant Capital Group LLC boosted its position in shares of UWM by 63.1% during the fourth quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock valued at $55,000 after purchasing an additional 2,952 shares in the last quarter. Finally, Comerica Bank bought a new stake in UWM in the third quarter worth $40,000. 53.59% of the stock is currently owned by institutional investors.

UWM Stock Performance

Shares of NYSE UWMC opened at $6.11 on Thursday. The stock has a market cap of $576.97 million, a price-to-earnings ratio of -32.13 and a beta of 1.60. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.12. UWM has a 1-year low of $4.49 and a 1-year high of $7.75. The stock’s 50-day moving average is $6.71 and its 200 day moving average is $6.22.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The company had revenue of ($114.58) million during the quarter, compared to analysts’ expectations of $402.14 million. UWM had a return on equity of 2.45% and a net margin of 0.79%. On average, sell-side analysts anticipate that UWM will post 0.3 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Wednesday, March 20th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.40 annualized dividend and a dividend yield of 6.55%. UWM’s dividend payout ratio is presently -210.53%.

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.