Inspire Investing LLC Has $1.11 Million Holdings in UWM Holdings Co. (NYSE:UWMC)

Inspire Investing LLC increased its position in shares of UWM Holdings Co. (NYSE:UWMC) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,889 shares of the company’s stock after buying an additional 9,591 shares during the period. Inspire Investing LLC’s holdings in UWM were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UWMC. SG Americas Securities LLC boosted its holdings in shares of UWM by 121.4% during the 4th quarter. SG Americas Securities LLC now owns 42,725 shares of the company’s stock worth $251,000 after buying an additional 23,424 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after acquiring an additional 2,631 shares during the period. 180 Wealth Advisors LLC boosted its stake in UWM by 34.6% during the fourth quarter. 180 Wealth Advisors LLC now owns 61,784 shares of the company’s stock worth $363,000 after acquiring an additional 15,878 shares in the last quarter. Wedmont Private Capital grew its holdings in UWM by 103.1% in the fourth quarter. Wedmont Private Capital now owns 40,857 shares of the company’s stock worth $223,000 after purchasing an additional 20,744 shares during the period. Finally, Tidal Investments LLC bought a new stake in UWM in the third quarter valued at $3,833,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Stock Down 0.1 %

UWMC stock opened at $6.16 on Friday. The firm has a market capitalization of $9.84 billion, a PE ratio of -26.76 and a beta of 1.66. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM Holdings Co. has a twelve month low of $5.31 and a twelve month high of $9.74. The stock’s 50 day moving average is $6.03 and its 200-day moving average is $7.29.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $526.43 million during the quarter, compared to analyst estimates of $517.02 million. During the same quarter in the previous year, the business posted $0.29 EPS. Sell-side analysts expect that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 19th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.50%. The ex-dividend date was Thursday, December 19th. UWM’s dividend payout ratio (DPR) is presently -173.91%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UWMC. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $6.00 to $8.00 in a research report on Tuesday, October 8th. The Goldman Sachs Group cut their price target on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Keefe, Bruyette & Woods decreased their price objective on UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley cut their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.39.

UWM Company 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.