Strs Ohio Sells 31,258 Shares of UWM Holdings Co. (NYSE:UWMC)

Strs Ohio lowered its position in shares of UWM Holdings Co. (NYSE:UWMC) by 18.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,660 shares of the company’s stock after selling 31,258 shares during the period. Strs Ohio owned about 0.14% of UWM worth $969,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UWMC. Newbridge Financial Services Group Inc. lifted its stake in UWM by 12,000.0% during the third quarter. Newbridge Financial Services Group Inc. now owns 12,100 shares of the company’s stock worth $59,000 after purchasing an additional 12,000 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of UWM in the 4th quarter valued at about $75,000. Quent Capital LLC lifted its stake in shares of UWM by 59.8% in the 4th quarter. Quent Capital LLC now owns 13,401 shares of the company’s stock valued at $96,000 after acquiring an additional 5,013 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of UWM in the 4th quarter valued at about $104,000. Finally, Global Retirement Partners LLC bought a new stake in shares of UWM in the 4th quarter valued at about $107,000. Institutional investors own 53.59% of the company’s stock.

UWM Stock Up 2.6 %

Shares of NYSE:UWMC opened at $6.42 on Wednesday. UWM Holdings Co. has a 1 year low of $4.49 and a 1 year high of $7.75. The stock’s 50-day moving average is $6.65 and its 200 day moving average is $6.27. 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 company has a market cap of $606.28 million, a PE ratio of -33.76 and a beta of 1.60.

UWM (NYSE:UWMC) last posted its earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). UWM had a return on equity of 2.45% and a net margin of 0.79%. The firm had revenue of ($114.58) million for the quarter, compared to analysts’ expectations of $402.14 million. Sell-side analysts anticipate that UWM Holdings Co. will post 0.3 EPS for the current year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.24%. UWM’s dividend payout ratio (DPR) is -210.53%.

Wall Street Analyst Weigh In

UWMC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 target price for the company in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on UWM in a research note on Wednesday, January 10th. They issued a “hold” rating and a $6.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.59.

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.