UWM (NYSE:UWMC) Sets New 1-Year Low – Time to Sell?

UWM Holdings Co. (NYSE:UWMC)’s stock price hit a new 52-week low on Friday . The company traded as low as $5.38 and last traded at $5.42, with a volume of 621396 shares trading hands. The stock had previously closed at $5.68.

Wall Street Analyst Weigh In

UWMC has been the subject of a number of analyst reports. Barclays upgraded shares of UWM from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $6.00 to $8.00 in a report on Tuesday, October 8th. Morgan Stanley decreased their price target 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. Keefe, Bruyette & Woods dropped their price objective on UWM from $7.00 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group decreased their target price on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, UWM currently has an average rating of “Hold” and an average price target of $7.22.

UWM Trading Down 4.6 %

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 cap of $8.66 billion, a price-to-earnings ratio of -23.57 and a beta of 1.66. The business has a 50-day simple moving average of $6.07 and a two-hundred day simple moving average of $7.35.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 19th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.38%. The ex-dividend date was Thursday, December 19th. UWM’s dividend payout ratio (DPR) is currently -173.91%.

Institutional Investors Weigh In On UWM

A number of large investors have recently bought and sold shares of UWMC. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of UWM during the 3rd quarter worth approximately $21,797,000. FMR LLC lifted its stake in UWM by 24.5% during the third quarter. FMR LLC now owns 10,218,728 shares of the company’s stock worth $87,064,000 after purchasing an additional 2,010,985 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of UWM in the 3rd quarter valued at $3,833,000. Carrera Capital Advisors acquired a new stake in UWM in the third quarter valued at about $1,727,000. Finally, Renaissance Technologies LLC grew its holdings in UWM by 13.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,712,900 shares of the company’s stock worth $11,870,000 after acquiring an additional 199,900 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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.