Trexquant Investment LP Takes $2.45 Million Position in UWM Holdings Co. (NYSE:UWMC)

Trexquant Investment LP purchased a new stake in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 417,432 shares of the company's stock, valued at approximately $2,450,000.

Other hedge funds have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC purchased a new position in shares of UWM in the 3rd quarter worth $85,000. Sanctuary Advisors LLC bought a new stake in UWM during the fourth quarter valued at approximately $77,000. Quantinno Capital Management LP bought a new position in UWM in the third quarter worth approximately $106,000. Sei Investments Co. purchased a new stake in shares of UWM in the 4th quarter worth $82,000. Finally, HB Wealth Management LLC lifted its position in UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock valued at $82,000 after purchasing an additional 2,631 shares in the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

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. UWM Holdings Co. has a 52-week low of $4.15 and a 52-week high of $9.74. The company has a 50 day simple moving average of $5.88 and a 200-day simple moving average of $6.23. The firm has a market capitalization of $6.96 billion, a P/E 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.

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UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share 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 analysts' expectations 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $0.10 dividend. 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%.

Analyst Upgrades and Downgrades

UWMC has been the topic of several analyst reports. Morgan Stanley lowered their price target 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. Keefe, Bruyette & Woods upgraded shares of UWM from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, Wedbush reissued a "neutral" rating and set a $6.50 price target on shares of UWM in a research note 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 company's stock. According to data from MarketBeat, UWM has a consensus rating of "Hold" and an average price target of $7.25.

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.