UWM Holdings Co. (NYSE:UWMC) Holdings Raised by Parallel Advisors LLC

Parallel Advisors LLC increased its position in shares of UWM Holdings Co. (NYSE:UWMCFree Report) by 44.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,820 shares of the company’s stock after purchasing an additional 3,014 shares during the quarter. Parallel Advisors LLC’s holdings in UWM were worth $70,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC raised its position in shares of UWM by 59.8% during the 4th 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. Wedmont Private Capital bought a new stake in UWM in the fourth quarter valued at $104,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of UWM by 10.5% during 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 period. FMR LLC increased its holdings in shares of UWM by 30.6% in 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. Finally, HB Wealth Management LLC bought a new stake in UWM in the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $7.00 price target (up previously from $6.00) on shares of UWM in a research note on Friday, May 10th. Wedbush restated a “neutral” rating and issued a $7.00 target price on shares of UWM in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, UWM currently has an average rating of “Hold” and an average price target of $5.69.

View Our Latest Analysis on UWMC

UWM Stock Down 1.4 %

UWMC stock opened at $7.51 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $717.33 million, a P/E ratio of 250.17 and a beta of 1.65. UWM Holdings Co. has a 52-week low of $4.49 and a 52-week high of $7.75. The company’s 50 day simple moving average is $6.81 and its 200-day simple moving average is $6.68.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.33%. UWM’s dividend payout ratio (DPR) is presently 1,333.33%.

UWM Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UWM (NYSE:UWMC)

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