UWM (NYSE:UWMC) Sets New 12-Month High at $7.82

UWM Holdings Co. (NYSE:UWMC)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $7.82 and last traded at $7.82, with a volume of 363702 shares trading hands. The stock had previously closed at $7.66.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UWMC shares. Wedbush reiterated a “neutral” rating and issued a $7.00 price target on shares of UWM in a research note on Friday, May 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $7.00 price target (up from $6.00) on shares of UWM in a research note on Friday, May 10th. Finally, Barclays increased their price target on UWM from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.94.

UWM Stock Up 3.0 %

The business has a fifty day moving average price of $7.17 and a two-hundred day moving average price of $6.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $754.13 million, a price-to-earnings ratio of 255.33 and a beta of 1.64.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Thursday, June 20th. UWM’s dividend payout ratio (DPR) is 1,333.33%.

Institutional Trading of UWM

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Partners LLC acquired a new stake in UWM during the first quarter worth about $29,000. Atlas Capital Advisors LLC grew its holdings in UWM by 190.5% in the first quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock valued at $37,000 after purchasing an additional 3,309 shares during the period. CWM LLC grew its holdings in UWM by 96.4% in the second quarter. CWM LLC now owns 6,471 shares of the company’s stock valued at $45,000 after purchasing an additional 3,177 shares during the period. SageView Advisory Group LLC acquired a new stake in UWM in the first quarter valued at approximately $55,000. Finally, Quadrant Capital Group LLC grew its holdings in UWM by 63.1% in the fourth quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock valued at $55,000 after purchasing an additional 2,952 shares during the period. 53.59% of the stock is owned by institutional investors and hedge funds.

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.