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

UWM Holdings Co. (NYSE:UWMC)’s share price reached 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 trading hands. The stock had previously closed at $5.53.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UWMC. Wedbush reaffirmed a “neutral” rating and issued a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, Morgan Stanley decreased their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.25.

UWM Stock Down 11.3 %

The stock has a market cap of $7.84 billion, a PE ratio of -21.33 and a beta of 1.64. The business has a 50 day moving average price of $6.07 and a 200 day moving average price of $6.37. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) 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 analysts’ expectations of $645.75 million. Equities research analysts expect that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 8.15%. UWM’s dividend payout ratio (DPR) is presently 500.00%.

Institutional Trading of UWM

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in UWM by 1,002.0% in the 1st quarter. GAMMA Investing LLC now owns 32,012 shares of the company’s stock valued at $175,000 after purchasing an additional 29,107 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of UWM by 14.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 55,858 shares of the company’s stock valued at $328,000 after acquiring an additional 6,976 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of UWM by 16.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 197,047 shares of the company’s stock worth $1,157,000 after purchasing an additional 27,531 shares during the last quarter. Voloridge Investment Management LLC grew its stake in UWM by 9.9% in the 4th quarter. Voloridge Investment Management LLC now owns 699,778 shares of the company’s stock worth $4,108,000 after acquiring an additional 62,978 shares during the period. Finally, Trace Wealth Advisors LLC acquired a new position in UWM in the fourth quarter valued at $132,000. Hedge funds and other 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.