UWM Target of Unusually Large Options Trading (NYSE:UWMC)

UWM Holdings Co. (NYSE:UWMC - Get Free Report) was the target of unusually large options trading on Monday. Traders bought 5,337 call options on the stock. This represents an increase of approximately 114% compared to the average daily volume of 2,493 call options.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently modified their holdings of the business. HB Wealth Management LLC raised its position in shares of UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock valued at $82,000 after acquiring an additional 2,631 shares during the last quarter. Sherbrooke Park Advisers LLC grew its stake in shares of UWM by 17.4% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock worth $118,000 after purchasing an additional 2,975 shares during the period. Mariner LLC increased its holdings in UWM by 5.1% in the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock valued at $378,000 after purchasing an additional 3,126 shares during the last quarter. Victory Capital Management Inc. lifted its stake in UWM by 20.7% in the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock valued at $119,000 after buying an additional 3,488 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in UWM by 13.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock worth $174,000 after buying an additional 3,524 shares during the last quarter. 53.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UWMC shares. 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 research note on Monday, March 3rd. Morgan Stanley dropped their target price on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a research report on Thursday, December 19th. Finally, Wedbush restated a "neutral" rating and issued a $6.50 price target on shares of UWM in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, UWM currently has an average rating of "Hold" and a consensus target price of $7.25.

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UWM Trading Down 0.6 %

UWMC stock traded down $0.03 during trading on Friday, hitting $4.36. The company had a trading volume of 4,982,844 shares, compared to its average volume of 2,833,860. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of -18.93 and a beta of 1.64. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $5.88 and a 200-day moving average price of $6.23. UWM has a 12 month low of $4.15 and a 12 month high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last released 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 firm had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. As a group, analysts predict that UWM will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.18%. The ex-dividend date was Thursday, March 20th. UWM's dividend payout ratio is 500.00%.

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.