Rhumbline Advisers Has $587,000 Position in UWM Holdings Co. (NYSE:UWMC)

Rhumbline Advisers lessened its position in UWM Holdings Co. (NYSE:UWMC) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,999 shares of the company’s stock after selling 4,539 shares during the quarter. Rhumbline Advisers’ holdings in UWM were worth $587,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of UWMC. HB Wealth Management LLC grew its holdings in shares of UWM by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after acquiring an additional 2,631 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in 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 last quarter. Integrated Investment Consultants LLC grew its stake in UWM by 7.9% in the third quarter. Integrated Investment Consultants LLC now owns 100,688 shares of the company’s stock valued at $858,000 after purchasing an additional 7,334 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of UWM by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,290 shares of the company’s stock worth $4,893,000 after purchasing an additional 7,846 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of UWM by 5.3% during the 4th quarter. Inspire Investing LLC now owns 188,889 shares of the company’s stock worth $1,109,000 after purchasing an additional 9,591 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

UWM Stock Performance

Shares of UWMC stock opened at $6.40 on Friday. UWM Holdings Co. has a 52 week low of $5.31 and a 52 week high of $9.74. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of -27.81 and a beta of 1.64. The company has a 50-day simple moving average of $6.12 and a 200 day simple moving average of $6.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40.

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

UWM Announces Dividend

The company 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date is Thursday, March 20th. UWM’s dividend payout ratio is 500.00%.

Analyst Ratings Changes

Several equities analysts recently weighed in on UWMC shares. Wedbush reissued a “neutral” rating and issued a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. 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 research report on Thursday, December 19th. Keefe, Bruyette & Woods raised shares of UWM from a “market perform” rating to an “outperform” rating and upped their target price for the company from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Thursday, November 14th. One research 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.