Salzhauer Michael Makes New Investment in UWM Holdings Co. (NYSE:UWMC)

Salzhauer Michael acquired a new stake in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 150,000 shares of the company's stock, valued at approximately $880,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in UWM by 37.6% during the 4th 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. State Street Corp boosted its position in UWM by 5.0% during the 3rd quarter. State Street Corp now owns 1,592,084 shares of the company's stock valued at $13,723,000 after acquiring an additional 76,221 shares in the last quarter. Geode Capital Management LLC raised its position in shares of UWM by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company's stock worth $13,183,000 after acquiring an additional 41,206 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of UWM by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,087,978 shares of the company's stock worth $6,386,000 after purchasing an additional 147,459 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in UWM by 51.0% in the fourth quarter. Bank of Nova Scotia now owns 621,392 shares of the company's stock valued at $3,648,000 after purchasing an additional 209,903 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors.

UWM Price Performance

Shares of UWM stock traded down $0.11 during trading hours on Monday, reaching $4.42. The stock had a trading volume of 2,453,145 shares, compared to its average volume of 2,883,329. 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 Holdings Co. has a twelve month low of $4.15 and a twelve month high of $9.74. The stock's 50 day moving average is $5.72 and its 200 day moving average is $6.09. The firm has a market capitalization of $7.06 billion, a PE ratio of -19.22 and a beta of 1.64.

UWM (NYSE:UWMC - Get Free Report) last announced 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 firm had revenue of $560.21 million for the quarter, compared to analyst estimates of $645.75 million. Equities analysts expect that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.05%. The ex-dividend date was Thursday, March 20th. UWM's dividend payout ratio is currently 500.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on UWMC. Wedbush restated a "neutral" rating and issued a $6.50 price target on shares of UWM in a report on Monday, March 3rd. Keefe, Bruyette & Woods raised shares of UWM from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, UBS Group raised UWM from a "sell" rating to a "neutral" rating and lowered their price objective for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.