Sanctuary Advisors LLC Makes New Investment in UWM Holdings Co. (NYSE:UWMC)

Sanctuary Advisors LLC bought a new stake in shares of UWM Holdings Co. (NYSE:UWMC) during the 4th quarter, HoldingsChannel.com reports. The firm bought 12,105 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds also recently modified their holdings of the business. Creative Planning lifted its position in shares of UWM by 42.4% in the third quarter. Creative Planning now owns 48,963 shares of the company’s stock worth $417,000 after purchasing an additional 14,589 shares in the last quarter. GSA Capital Partners LLP increased its stake in UWM by 59.9% in the 3rd quarter. GSA Capital Partners LLP now owns 230,455 shares of the company’s stock valued at $1,963,000 after buying an additional 86,356 shares during the period. Carrera Capital Advisors purchased a new stake in UWM in the 3rd quarter worth approximately $1,727,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of UWM by 56.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,656 shares of the company’s stock valued at $3,541,000 after buying an additional 149,216 shares during the period. Finally, Intech Investment Management LLC grew its holdings in shares of UWM by 88.5% during the 3rd quarter. Intech Investment Management LLC now owns 23,241 shares of the company’s stock valued at $198,000 after acquiring an additional 10,913 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UWMC shares. Wedbush reiterated a “neutral” rating and set a $6.50 price objective on shares of UWM in a report on Monday. Morgan Stanley reduced their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $6.50 to $7.50 in a research note on Monday. Finally, The Goldman Sachs Group cut their price objective on shares of UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, UWM has an average rating of “Hold” and a consensus price target of $7.25.

UWM Stock Down 3.3 %

Shares of UWMC stock opened at $6.23 on Friday. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of -27.07 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50 day simple moving average is $6.12 and its 200 day simple moving average is $6.92. UWM Holdings Co. has a twelve month low of $5.31 and a twelve month high of $9.74.

UWM (NYSE:UWMC) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $560.21 million for the quarter, compared to the consensus estimate of $645.75 million. As a group, research analysts predict that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Thursday, March 20th. UWM’s dividend payout ratio is 500.00%.

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.