213,036 Shares in UWM Holdings Co. (NYSE:UWMC) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 213,036 shares of the company's stock, valued at approximately $1,251,000.

A number of other hedge funds have also recently bought and sold shares of the company. EMG Holdings L.P. acquired a new position in UWM in the fourth quarter valued at approximately $2,597,000. Trexquant Investment LP bought a new position in UWM during the fourth quarter worth about $2,450,000. Alliancebernstein L.P. grew its position in shares of UWM by 469.0% during the 4th quarter. Alliancebernstein L.P. now owns 223,598 shares of the company's stock worth $1,313,000 after buying an additional 184,299 shares during the period. Orion Portfolio Solutions LLC raised its holdings in UWM by 196.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 29,711 shares of the company's stock worth $174,000 after purchasing an additional 19,686 shares during the period. Finally, Easterly Investment Partners LLC bought a new stake in shares of UWM in the 4th quarter valued at $649,000. 53.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UWMC has been the subject of several research analyst reports. Wedbush reiterated a "neutral" rating and issued a $6.50 price objective on shares of UWM in a research report on Monday, March 3rd. Keefe, Bruyette & Woods upgraded UWM from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, Morgan Stanley lowered their price objective on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a report on Thursday, December 19th. One 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. According to MarketBeat.com, UWM has an average rating of "Hold" and a consensus price target of $7.25.

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UWM Stock Down 1.5 %

Shares of NYSE:UWMC traded down $0.08 during trading on Tuesday, hitting $4.85. 2,573,613 shares of the company were exchanged, compared to its average volume of 2,746,279. UWM Holdings Co. has a fifty-two week low of $4.83 and a fifty-two week high of $9.74. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of -21.17 and a beta of 1.64. 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 has a fifty day moving average price of $6.07 and a two-hundred day moving average price of $6.37.

UWM (NYSE:UWMC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates 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. As a group, research analysts anticipate that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.24%. UWM's payout ratio is 500.00%.

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.