SG Americas Securities LLC Purchases Shares of 18,066 UWM Holdings Co. (NYSE:UWMC)

SG Americas Securities LLC purchased a new stake in UWM Holdings Co. (NYSE:UWMC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,066 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Integrated Investment Consultants LLC boosted its stake in shares of UWM by 2,107.2% during the 3rd quarter. Integrated Investment Consultants LLC now owns 3,592,568 shares of the company’s stock worth $17,424,000 after acquiring an additional 3,429,801 shares during the period. FMR LLC boosted its stake in shares of UWM by 30.6% during the 3rd quarter. FMR LLC now owns 6,077,084 shares of the company’s stock worth $29,474,000 after acquiring an additional 1,424,451 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of UWM by 250.1% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 808,700 shares of the company’s stock worth $3,971,000 after acquiring an additional 577,700 shares during the period. State Street Corp boosted its stake in shares of UWM by 46.6% during the 1st quarter. State Street Corp now owns 1,755,053 shares of the company’s stock worth $8,123,000 after acquiring an additional 558,245 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of UWM by 45.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,509,100 shares of the company’s stock worth $5,342,000 after acquiring an additional 472,600 shares during the period. 53.59% of the stock is currently owned by institutional investors.

UWM Price Performance

Shares of NYSE UWMC opened at $6.11 on Thursday. The stock has a market capitalization of $576.97 million, a PE ratio of -32.13 and a beta of 1.60. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.86 and a quick ratio of 1.86. The business has a fifty day moving average price of $6.71 and a two-hundred day moving average price of $6.22. UWM Holdings Co. has a fifty-two week low of $4.49 and a fifty-two week high of $7.75.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.26). The company had revenue of ($114.58) million during the quarter, compared to analyst estimates of $402.14 million. UWM had a net margin of 0.79% and a return on equity of 2.45%. As a group, equities analysts predict that UWM Holdings Co. will post 0.3 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.55%. UWM’s dividend payout ratio (DPR) is currently -210.53%.

Analysts Set New Price Targets

Several analysts recently weighed in on UWMC shares. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target for the company in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on UWM in a report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.59.

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.