UWM (NYSE:UWMC) Hits New 52-Week Low - Time to Sell?

UWM Holdings Co. (NYSE:UWMC - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $5.38 and last traded at $5.42, with a volume of 621396 shares trading hands. The stock had previously closed at $5.68.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UWMC shares. Barclays raised shares of UWM from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $6.00 to $8.00 in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on UWM from $7.00 to $6.50 and set a "market perform" rating for the company in a research report on Friday, January 3rd. Morgan Stanley dropped their target price on UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group cut their price target on UWM from $8.50 to $7.50 and set a "neutral" rating for the company in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $7.22.

UWM Stock Performance

The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The firm's 50-day moving average price is $6.06 and its two-hundred day moving average price is $7.34. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of -23.83 and a beta of 1.66.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 7.30%. UWM's dividend payout ratio (DPR) is presently -173.91%.

Institutional Investors Weigh In On UWM

Large investors have recently made changes to their positions in the company. Squarepoint Ops LLC raised its position in UWM by 24.5% in the 2nd quarter. Squarepoint Ops LLC now owns 342,322 shares of the company's stock valued at $2,372,000 after purchasing an additional 67,383 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of UWM by 13.2% in the second quarter. Renaissance Technologies LLC now owns 1,712,900 shares of the company's stock valued at $11,870,000 after buying an additional 199,900 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of UWM by 366.1% in the third quarter. Inspire Investing LLC now owns 179,298 shares of the company's stock valued at $1,528,000 after buying an additional 140,830 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in UWM by 56.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,656 shares of the company's stock worth $3,541,000 after buying an additional 149,216 shares in the last quarter. Finally, Carrera Capital Advisors bought a new stake in UWM during the 3rd quarter worth about $1,727,000. Institutional investors own 53.59% of the company's stock.

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.