International Assets Investment Management LLC Buys 46,850 Shares of UWM Holdings Co. (NYSE:UWMC)

International Assets Investment Management LLC grew its stake in UWM Holdings Co. (NYSE:UWMC) by 691.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,625 shares of the company’s stock after acquiring an additional 46,850 shares during the quarter. International Assets Investment Management LLC’s holdings in UWM were worth $383,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. HB Wealth Management LLC bought a new stake in UWM in the fourth quarter worth $75,000. Quent Capital LLC lifted its holdings in shares of UWM by 59.8% during the fourth quarter. Quent Capital LLC now owns 13,401 shares of the company’s stock valued at $96,000 after purchasing an additional 5,013 shares in the last quarter. Wedmont Private Capital bought a new position in shares of UWM during the fourth quarter valued at $104,000. Global Retirement Partners LLC bought a new position in shares of UWM during the fourth quarter valued at $107,000. Finally, SG Americas Securities LLC bought a new position in shares of UWM during the fourth quarter valued at $129,000. 53.59% of the stock is owned by institutional investors.

UWM Stock Up 0.2 %

UWM stock opened at $6.40 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a fifty day moving average of $6.62 and a 200 day moving average of $6.28. The stock has a market cap of $604.85 million, a PE ratio of -33.68 and a beta of 1.60. UWM Holdings Co. has a one year low of $4.49 and a one year high of $7.75.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The company had revenue of ($114.58) million during the quarter, compared to analysts’ expectations of $402.14 million. UWM had a return on equity of 2.45% and a net margin of 0.79%. As a group, sell-side analysts predict that UWM Holdings Co. will post 0.3 EPS for the current year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date was Tuesday, March 19th. UWM’s payout ratio is -210.53%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UWMC. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target on the stock in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on UWM in a report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.59.

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.