110,500 Shares in UWM Holdings Co. (NYSE:UWMC) Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC acquired a new position in shares of UWM Holdings Co. (NYSE:UWMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 110,500 shares of the company’s stock, valued at approximately $649,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in UWM in the fourth quarter valued at about $77,000. HB Wealth Management LLC increased its position in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after buying an additional 2,631 shares during the period. Sei Investments Co. bought a new stake in shares of UWM during the fourth quarter valued at approximately $82,000. Orion Portfolio Solutions LLC acquired a new stake in UWM in the third quarter worth about $85,000. Finally, Quantinno Capital Management LP acquired a new position in shares of UWM during the 3rd quarter valued at $106,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

UWM Stock Up 0.3 %

UWM stock opened at $5.68 on Friday. The company’s 50 day simple moving average is $6.17 and its 200 day simple moving average is $6.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of -24.67 and a beta of 1.64. UWM Holdings Co. has a fifty-two week low of $5.31 and a fifty-two week high of $9.74.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. As a group, sell-side analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 7.05%. UWM’s dividend payout ratio is presently 500.00%.

Analyst Ratings Changes

UWMC has been the subject of several analyst reports. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and upped their target price for the company from $6.50 to $7.50 in a report on Monday, March 3rd. Wedbush reiterated a “neutral” rating and issued a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Finally, Morgan Stanley dropped their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.25.

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.