UWM Holdings Corporation (NYSE:UWMC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of UWM Holdings Corporation (NYSE:UWMC) have been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.79.

UWMC has been the subject of a number of analyst reports. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research note on Wednesday, February 25th. Argus raised shares of UWM to a “hold” rating in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $5.50 target price on shares of UWM in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 1,003,333 shares of UWM stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.39, for a total transaction of $3,401,298.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,739,878 shares of company stock worth $106,651,269 over the last ninety days. Insiders own 80.30% of the company’s stock.

Institutional Trading of UWM

Several institutional investors and hedge funds have recently modified their holdings of UWMC. Brandes Investment Partners LP bought a new stake in shares of UWM during the fourth quarter valued at approximately $45,867,000. Azora Capital LP raised its stake in shares of UWM by 230.8% during the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after acquiring an additional 7,881,586 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of UWM during the third quarter valued at approximately $32,630,000. Renaissance Technologies LLC bought a new stake in shares of UWM during the fourth quarter valued at approximately $21,580,000. Finally, First Trust Advisors LP bought a new stake in shares of UWM during the fourth quarter valued at approximately $19,303,000. Institutional investors own 53.59% of the company’s stock.

UWM Trading Up 0.2%

Shares of UWM stock opened at $3.10 on Tuesday. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 11.46 and a beta of 1.78. The business has a 50-day moving average price of $3.53 and a 200-day moving average price of $4.50. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13. UWM has a twelve month low of $2.83 and a twelve month high of $7.14.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $901.43 million during the quarter, compared to analyst estimates of $709.85 million. UWM had a return on equity of 19.01% and a net margin of 1.92%. Equities research analysts anticipate that UWM will post 0.38 EPS for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s payout ratio is currently 148.15%.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.