UWM (NYSE:UWMC) Receives Buy Rating from BTIG Research

BTIG Research restated their buy rating on shares of UWM (NYSE:UWMCFree Report) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have a $10.00 target price on the stock.

A number of other equities analysts have also recently commented on UWMC. Zacks Research cut shares of UWM from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Keefe, Bruyette & Woods reduced their price objective on shares of UWM from $6.75 to $6.00 and set a “market perform” rating on the stock in a research report on Friday, February 27th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Morgan Stanley set a $6.00 target price on UWM in a research report on Tuesday, December 16th. Finally, Weiss Ratings raised UWM from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.49.

Read Our Latest Analysis on UWMC

UWM Stock Performance

NYSE:UWMC opened at $4.05 on Tuesday. The firm has a market capitalization of $6.47 billion, a PE ratio of 67.43 and a beta of 1.90. The stock’s fifty day moving average is $4.92 and its 200 day moving average is $5.38. UWM has a fifty-two week low of $3.64 and a fifty-two week high of $7.14. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52.

UWM (NYSE:UWMCGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The firm had revenue of $945.25 million for the quarter, compared to analysts’ expectations of $759.12 million. On average, sell-side analysts anticipate that UWM will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.9%. UWM’s dividend payout ratio is presently 666.67%.

Insider Buying and Selling

In related news, CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $5.35, for a total transaction of $3,385,875.90. Following the completion of the sale, the chief executive officer owned 1,884,005 shares in the company, valued at $10,079,426.75. This trade represents a 25.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 19,185,239 shares of company stock valued at $94,041,604. Company insiders own 94.11% of the company’s stock.

Hedge Funds Weigh In On UWM

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after acquiring an additional 4,091 shares in the last quarter. GAMMA Investing LLC grew its stake in UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after purchasing an additional 4,344 shares in the last quarter. Raymond James Financial Inc. purchased a new position in UWM during the 2nd quarter worth $35,000. Farther Finance Advisors LLC increased its holdings in UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after purchasing an additional 8,027 shares during the period. Finally, Advisory Services Network LLC bought a new stake in UWM during the 3rd quarter valued at $38,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

More UWM News

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About UWM

(Get Free Report)

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.

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Analyst Recommendations for UWM (NYSE:UWMC)

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