UWM (NYSE:UWMC) Sets New 1-Year Low - Should You Sell?

UWM Holdings Co. (NYSE:UWMC - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.22 and last traded at $5.27, with a volume of 3378056 shares traded. The stock had previously closed at $5.53.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wedbush reaffirmed a "neutral" rating and issued a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upgraded UWM from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $6.50 to $7.50 in a research report on Monday, March 3rd. Finally, Morgan Stanley lowered their price target on UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.25.

UWM Price Performance

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 company has a market capitalization of $6.96 billion, a price-to-earnings ratio of -18.93 and a beta of 1.64. The company has a 50 day simple moving average of $5.88 and a 200 day simple moving average of $6.23.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. As a group, research analysts predict that UWM Holdings Co. will post 0.2 EPS for the current year.

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UWM Announces Dividend

The company also recently announced 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. The ex-dividend date was Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.18%. UWM's payout ratio is currently 500.00%.

Institutional Investors Weigh In On UWM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of UWM by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,290 shares of the company's stock worth $4,893,000 after buying an additional 7,846 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of UWM during the third quarter valued at approximately $106,000. State Street Corp grew its stake in UWM by 5.0% during the 3rd quarter. State Street Corp now owns 1,592,084 shares of the company's stock worth $13,723,000 after buying an additional 76,221 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of UWM in the 3rd quarter worth about $85,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of UWM during the third quarter valued at approximately $466,000. Hedge funds and other institutional investors own 53.59% of the company's stock.

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.