Quantbot Technologies LP Sells 10,192 Shares of UWM Holdings Co. (NYSE:UWMC)

Quantbot Technologies LP lessened its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 263,536 shares of the company’s stock after selling 10,192 shares during the period. Quantbot Technologies LP’s holdings in UWM were worth $1,547,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of UWMC. Connor Clark & Lunn Investment Management Ltd. increased its position in UWM by 56.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,656 shares of the company’s stock valued at $3,541,000 after purchasing an additional 149,216 shares during the period. Intech Investment Management LLC raised its stake in UWM by 88.5% during the third quarter. Intech Investment Management LLC now owns 23,241 shares of the company’s stock worth $198,000 after buying an additional 10,913 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in UWM by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 574,290 shares of the company’s stock valued at $4,893,000 after acquiring an additional 7,846 shares during the last quarter. FMR LLC grew its holdings in UWM by 24.5% during the 3rd quarter. FMR LLC now owns 10,218,728 shares of the company’s stock worth $87,064,000 after acquiring an additional 2,010,985 shares during the period. Finally, FORA Capital LLC bought a new stake in UWM in the third quarter worth approximately $183,000. Institutional investors own 53.59% of the company’s stock.

UWM Stock Down 1.3 %

UWM stock opened at $5.80 on Tuesday. 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’s fifty day moving average price is $6.19 and its two-hundred day moving average price is $6.60. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of -25.20 and a beta of 1.64. UWM Holdings Co. has a 1-year low of $5.31 and a 1-year high of $9.74.

UWM (NYSE:UWMC) last announced its quarterly earnings results 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 company had revenue of $560.21 million for the quarter, compared to analyst estimates of $645.75 million. On average, equities research analysts predict that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued 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 yield of 6.90%. UWM’s dividend payout ratio (DPR) is currently 500.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of 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 report on Monday, March 3rd. Wedbush reaffirmed a “neutral” rating and issued a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Finally, Morgan Stanley cut their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.25.

UWM 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.