Salzhauer Michael Takes Position in UWM Holdings Co. (NYSE:UWMC)

Salzhauer Michael acquired a new position in UWM Holdings Co. (NYSE:UWMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 150,000 shares of the company’s stock, valued at approximately $880,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UWMC. Vanguard Group Inc. raised its position in shares of UWM by 37.6% in the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company’s stock valued at $69,060,000 after purchasing an additional 3,212,081 shares during the period. Geode Capital Management LLC grew its stake in UWM by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock valued at $13,183,000 after buying an additional 41,206 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in UWM during the 4th quarter valued at $121,000. Tidal Investments LLC purchased a new stake in shares of UWM during the third quarter worth $3,833,000. Finally, Sanctuary Advisors LLC bought a new position in shares of UWM in the fourth quarter worth $77,000. 53.59% of the stock is currently owned by institutional investors.

UWM Stock Performance

NYSE:UWMC opened at $4.55 on Thursday. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of -19.78 and a beta of 1.64. The business has a 50 day moving average of $5.79 and a 200 day moving average of $6.17. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM Holdings Co. has a 1-year low of $4.15 and a 1-year high of $9.74.

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

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.40 annualized dividend and a yield of 8.79%. UWM’s dividend payout ratio (DPR) is presently 500.00%.

Wall Street Analyst Weigh In

UWMC has been the topic of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Morgan Stanley lowered their price target 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. Keefe, Bruyette & Woods raised shares of UWM from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, UBS Group raised shares of UWM from a “sell” rating to a “neutral” rating and cut their price target for the company from $4.75 to $4.50 in a report on Wednesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.21.

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.