International Assets Investment Management LLC Buys 46,850 Shares of UWM Holdings Co. (NYSE:UWMC)

International Assets Investment Management LLC increased its stake in UWM Holdings Co. (NYSE:UWMC) by 691.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,625 shares of the company’s stock after purchasing an additional 46,850 shares during the period. International Assets Investment Management LLC owned approximately 0.06% of UWM worth $383,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Quent Capital LLC increased its position in shares of UWM by 59.8% in the fourth quarter. Quent Capital LLC now owns 13,401 shares of the company’s stock worth $96,000 after purchasing an additional 5,013 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in UWM by 10.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 22,438 shares of the company’s stock valued at $160,000 after acquiring an additional 2,140 shares during the last quarter. Global Retirement Partners LLC bought a new position in UWM in the fourth quarter valued at about $107,000. HB Wealth Management LLC bought a new position in UWM in the fourth quarter valued at about $75,000. Finally, SG Americas Securities LLC bought a new position in UWM in the fourth quarter valued at about $129,000. Institutional investors own 53.59% of the company’s stock.

UWM Stock Performance

NYSE:UWMC opened at $6.40 on Friday. The stock has a market cap of $604.85 million, a P/E ratio of -33.68 and a beta of 1.60. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average is $6.62 and its 200-day moving average is $6.28. UWM Holdings Co. has a 1-year low of $4.49 and a 1-year high of $7.75.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 2.45% and a net margin of 0.79%. Equities research analysts anticipate that UWM Holdings Co. will post 0.3 earnings per share for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Wednesday, March 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Tuesday, March 19th. UWM’s dividend payout ratio is currently -210.53%.

Wall Street Analyst Weigh In

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