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

UWM Holdings Co. (NYSE:UWMC) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.50.

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of UWM in a research report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price objective for the company. Keefe, Bruyette & Woods raised 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 report on Tuesday, April 9th.

UWM Price Performance

NYSE:UWMC opened at $6.80 on Monday. The company has a market capitalization of $645.66 million, a P/E ratio of -35.79 and a beta of 1.62. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.12. UWM has a 52 week low of $4.49 and a 52 week high of $7.75. The stock’s fifty day moving average is $6.60 and its two-hundred day moving average is $6.35.

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

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th were paid a $0.10 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 5.88%. UWM’s dividend payout ratio is presently -210.53%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Atlas Capital Advisors LLC grew its position in UWM by 190.5% during the first quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock worth $37,000 after buying an additional 3,309 shares during the period. Quadrant Capital Group LLC increased its holdings in UWM by 63.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock valued at $55,000 after acquiring an additional 2,952 shares in the last quarter. Parallel Advisors LLC raised its position in shares of UWM by 44.3% during the 4th quarter. Parallel Advisors LLC now owns 9,820 shares of the company’s stock worth $70,000 after purchasing an additional 3,014 shares during the last quarter. HB Wealth Management LLC purchased a new stake in UWM in the 4th quarter valued at approximately $75,000. Finally, McAdam LLC acquired a new position in shares of UWM in the first quarter worth $80,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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.