UWM Holdings Co. (NYSE:UWMC) Shares Acquired by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC grew its stake in shares of UWM Holdings Co. (NYSE:UWMC) by 190.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,046 shares of the company’s stock after purchasing an additional 3,309 shares during the period. Atlas Capital Advisors LLC’s holdings in UWM were worth $37,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UWMC. Quadrant Capital Group LLC boosted its holdings in shares of UWM by 63.1% in the fourth quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock worth $55,000 after buying an additional 2,952 shares during the period. Parallel Advisors LLC grew its position in UWM by 44.3% during the 4th quarter. Parallel Advisors LLC now owns 9,820 shares of the company’s stock worth $70,000 after purchasing an additional 3,014 shares in the last quarter. HB Wealth Management LLC acquired a new stake in UWM during the 4th quarter valued at $75,000. Quent Capital LLC lifted its holdings in shares of UWM by 59.8% in 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. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of UWM in the fourth quarter worth $102,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UWMC. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $7.00 price objective (up from $6.00) on shares of UWM in a research note on Friday, May 10th. Wedbush restated a “neutral” rating and set a $7.00 price target on shares of UWM in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, UWM presently has an average rating of “Hold” and an average target price of $5.69.

UWM Price Performance

NYSE UWMC opened at $6.84 on Friday. The company has a 50 day moving average price of $7.05 and a two-hundred day moving average price of $6.84. UWM Holdings Co. has a 12-month low of $4.49 and a 12-month high of $7.78. The stock has a market capitalization of $653.77 million, a PE ratio of 228.00 and a beta of 1.65. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.90.

UWM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Thursday, June 20th. UWM’s payout ratio is 1,333.33%.

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.