Sanctuary Advisors LLC Acquires New Holdings in UWM Holdings Co. (NYSE:UWMC)

Sanctuary Advisors LLC bought a new position in UWM Holdings Co. (NYSE:UWMC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,105 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC boosted its position in shares of UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after buying an additional 2,631 shares during the period. Orion Portfolio Solutions LLC bought a new stake in UWM during the 3rd quarter valued at $85,000. Quantinno Capital Management LP acquired a new position in UWM during the 3rd quarter worth $106,000. Secure Asset Management LLC bought a new position in shares of UWM in the fourth quarter worth $119,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of UWM by 31.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company’s stock valued at $177,000 after purchasing an additional 7,164 shares during the period. Institutional investors own 53.59% of the company’s stock.

UWM Trading Down 3.3 %

Shares of NYSE:UWMC opened at $6.23 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of -27.07 and a beta of 1.64. UWM Holdings Co. has a 1-year low of $5.31 and a 1-year high of $9.74. The company has a 50 day moving average price of $6.12 and a 200 day moving average price of $6.92.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $560.21 million during the quarter, compared to analyst estimates of $645.75 million. On average, research analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.40 annualized dividend and a yield of 6.43%. UWM’s payout ratio is presently 500.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of UWM from a “market perform” rating to an “outperform” rating and raised their target price for the company from $6.50 to $7.50 in a research note on Monday. Morgan Stanley decreased their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group dropped their target price on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, Wedbush reaffirmed a “neutral” rating and set a $6.50 price target on shares of UWM in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.25.

UWM 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.