UWM Holdings Co. (NYSE:UWMC) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its stake in UWM Holdings Co. (NYSE:UWMC - Free Report) by 147.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 reporting period.

A number of other large investors also recently added to or reduced their stakes in UWMC. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of UWM in the third quarter worth approximately $21,797,000. FMR LLC lifted its holdings in UWM by 24.5% in the 3rd quarter. FMR LLC now owns 10,218,728 shares of the company's stock valued at $87,064,000 after purchasing an additional 2,010,985 shares in the last quarter. Tidal Investments LLC acquired a new stake in UWM during the 3rd quarter worth $3,833,000. Quantbot Technologies LP grew its holdings in shares of UWM by 123.0% during the third quarter. Quantbot Technologies LP now owns 273,728 shares of the company's stock worth $2,332,000 after buying an additional 150,981 shares in the last quarter. Finally, Salzhauer Michael acquired a new stake in shares of UWM in the fourth quarter valued at about $880,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Trading Down 0.9 %

Shares of UWMC stock traded down $0.05 during trading on Friday, hitting $5.87. 5,852,339 shares of the stock traded hands, compared to its average volume of 3,625,443. UWM Holdings Co. has a 52-week low of $5.31 and a 52-week high of $9.74. The firm has a market capitalization of $9.38 billion, a P/E ratio of -25.51 and a beta of 1.64. The firm's fifty day moving average price is $6.18 and its 200-day moving average price is $6.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

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UWM (NYSE:UWMC - Get Free Report) last released its quarterly 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 firm had revenue of $560.21 million during the quarter, compared to analyst estimates of $645.75 million. As a group, research analysts forecast 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. Stockholders of record on Thursday, March 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Thursday, March 20th. UWM's dividend payout ratio (DPR) is 500.00%.

Analysts Set New Price Targets

UWMC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of UWM from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $6.50 to $7.50 in a research report on Monday, March 3rd. Morgan Stanley lowered their target price on UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a report on Thursday, December 19th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $6.50 price target on shares of UWM in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, UWM currently has an average rating of "Hold" and a consensus target price of $7.25.

About UWM

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.