UWM Holdings Corporation (NYSE:UWMC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of UWM Holdings Corporation (NYSE:UWMC) have been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.9889.

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Argus upgraded shares of UWM to a “hold” rating in a report on Tuesday, March 31st. BTIG Research reiterated a “buy” rating and set a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Finally, The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a report on Tuesday, January 6th.

Insider Activity

In other news, CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $3.70, for a total transaction of $3,702,123.80. Following the completion of the transaction, the chief executive officer directly owned 11,335,023 shares in the company, valued at $41,939,585.10. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 29,490,660 shares of company stock worth $116,585,963 in the last ninety days. 87.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Integrated Investment Consultants LLC purchased a new position in UWM during the third quarter worth about $32,630,000. Tudor Investment Corp ET AL purchased a new position in UWM during the third quarter worth about $12,237,000. Alight Capital Management LP purchased a new position in UWM during the third quarter worth about $3,958,000. Vanguard Group Inc. boosted its holdings in UWM by 6.2% during the third quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock worth $105,252,000 after purchasing an additional 1,010,907 shares during the last quarter. Finally, Luxor Capital Group LP purchased a new position in UWM during the third quarter worth about $7,473,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Trading Up 2.2%

NYSE:UWMC opened at $3.55 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 59.08 and a beta of 1.93. The firm has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $4.77. UWM has a 12 month low of $3.38 and a 12 month high of $7.14.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. Analysts expect that UWM will post 0.41 EPS for the current fiscal year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Thursday, March 19th. UWM’s dividend payout ratio (DPR) is currently 666.67%.

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.