Counterpoint Mutual Funds LLC Purchases 43,331 Shares of UWM Holdings Co. (NYSE:UWMC)

Counterpoint Mutual Funds LLC raised its position in UWM Holdings Co. (NYSE:UWMC) by 147.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,810 shares of the company’s stock after acquiring an additional 43,331 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in UWM were worth $427,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC bought a new position in UWM in the third quarter valued at about $85,000. Sanctuary Advisors LLC bought a new position in UWM in the fourth quarter valued at about $77,000. Quantinno Capital Management LP bought a new position in UWM in the third quarter valued at about $106,000. HB Wealth Management LLC lifted its holdings in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after acquiring an additional 2,631 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in UWM by 20.7% in the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company’s stock valued at $119,000 after acquiring an additional 3,488 shares during the period. Institutional investors own 53.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UWMC. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $6.50 to $7.50 in a research note on Monday, March 3rd. Morgan Stanley lowered their price objective on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th. Finally, Wedbush reaffirmed a “neutral” rating and set a $6.50 price objective on shares of UWM in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.25.

UWM Stock Up 4.3 %

Shares of UWMC opened at $6.20 on Tuesday. The business’s 50 day moving average is $6.16 and its 200 day moving average is $6.72. The company has a market capitalization of $9.91 billion, a PE ratio of -26.97 and a beta of 1.64. UWM Holdings Co. has a 12-month low of $5.31 and a 12-month high of $9.74. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM (NYSE:UWMC) last issued its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. Research analysts expect 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 will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.45%. The ex-dividend date is Thursday, March 20th. UWM’s dividend payout ratio (DPR) is presently 500.00%.

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.