Harvest Fund Management Co. Ltd Has $142,000 Stake in UWM Holdings Co. (NYSE:UWMC)

Harvest Fund Management Co. Ltd grew its holdings in UWM Holdings Co. (NYSE:UWMC) by 2,083.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,870 shares of the company’s stock after purchasing an additional 18,960 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in UWM were worth $142,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in UWMC. Newbridge Financial Services Group Inc. grew its position in UWM by 12,000.0% during the third quarter. Newbridge Financial Services Group Inc. now owns 12,100 shares of the company’s stock worth $59,000 after buying an additional 12,000 shares in the last quarter. HB Wealth Management LLC acquired a new stake in UWM during the fourth quarter worth about $75,000. Quent Capital LLC grew its position in UWM by 59.8% during the fourth quarter. Quent Capital LLC now owns 13,401 shares of the company’s stock worth $96,000 after buying an additional 5,013 shares in the last quarter. Wedmont Private Capital acquired a new stake in UWM during the fourth quarter worth about $104,000. Finally, Global Retirement Partners LLC acquired a new stake in UWM during the fourth quarter worth about $107,000. 53.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UWMC. Keefe, Bruyette & Woods upgraded shares of UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target for the company in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of UWM in a research note on Wednesday, January 10th. They set a “hold” rating and a $6.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, UWM currently has a consensus rating of “Hold” and a consensus target price of $5.59.

UWM Price Performance

Shares of UWMC stock opened at $6.40 on Thursday. The stock’s fifty day moving average is $6.64 and its 200-day moving average is $6.27. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $604.86 million, a PE ratio of -33.68 and a beta of 1.60. UWM Holdings Co. has a 52 week low of $4.49 and a 52 week high of $7.75.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.26). The firm had revenue of ($114.58) million during the quarter, compared to the consensus estimate of $402.14 million. UWM had a net margin of 0.79% and a return on equity of 2.45%. Equities research analysts expect that UWM Holdings Co. will post 0.3 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Wednesday, March 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Tuesday, March 19th. UWM’s dividend payout ratio is -210.53%.

UWM 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.