Inspire Investing LLC Acquires 9,591 Shares of UWM Holdings Co. (NYSE:UWMC)

Inspire Investing LLC grew its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 188,889 shares of the company’s stock after acquiring an additional 9,591 shares during the quarter. Inspire Investing LLC’s holdings in UWM were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in UWMC. Mercer Global Advisors Inc. ADV raised its holdings in shares of UWM by 8.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 24,757 shares of the company’s stock worth $168,000 after purchasing an additional 1,991 shares during the period. Intech Investment Management LLC purchased a new stake in UWM in the second quarter worth $85,000. Frank Rimerman Advisors LLC bought a new stake in shares of UWM in the second quarter valued at $93,000. Xponance Inc. purchased a new position in shares of UWM during the 2nd quarter valued at $76,000. Finally, Squarepoint Ops LLC grew its stake in shares of UWM by 24.5% during the 2nd quarter. Squarepoint Ops LLC now owns 342,322 shares of the company’s stock worth $2,372,000 after acquiring an additional 67,383 shares during the period. 53.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UWMC shares. The Goldman Sachs Group lowered their price objective on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Keefe, Bruyette & Woods lowered their price target on shares of UWM from $7.00 to $6.50 and set a “market perform” rating on the stock in a research report on Friday, January 3rd. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, October 8th. Finally, Morgan Stanley lowered their target price on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.39.

UWM Price Performance

UWMC stock opened at $6.16 on Friday. The firm has a 50 day moving average of $6.03 and a 200-day moving average of $7.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $9.84 billion, a P/E ratio of -26.76 and a beta of 1.66. UWM Holdings Co. has a 12 month low of $5.31 and a 12 month high of $9.74.

UWM (NYSE:UWMC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The firm had revenue of $526.43 million for the quarter, compared to analysts’ expectations of $517.02 million. During the same period in the prior year, the business earned $0.29 EPS. As a group, sell-side analysts predict that UWM Holdings Co. 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, January 9th. Shareholders of record on Thursday, December 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a yield of 6.50%. UWM’s dividend payout ratio is currently -173.91%.

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.