UWM (NYSE:UWMC) CEO Ishbia Mat Sells 632,874 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $4.37, for a total value of $2,765,659.38. Following the completion of the transaction, the chief executive officer directly owned 346,997 shares of the company’s stock, valued at approximately $1,516,376.89. This trade represents a 64.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ishbia Mat also recently made the following trade(s):

• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.57, for a total value of $2,892,234.18.
• On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The stock was sold at an average price of $4.66, for a total value of $2,096,986.02.
• On Tuesday, December 23rd, Ishbia Mat sold 402,483 shares of UWM stock. The stock was sold at an average price of $4.70, for a total transaction of $1,891,670.10.
• On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.47, for a total transaction of $3,349,209.89.
• On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.60, for a total transaction of $3,428,807.20.
• On Monday, December 8th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.67, for a total transaction of $3,471,667.29.
• On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.78, for a total transaction of $3,539,018.86.
• On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.71, for a total transaction of $3,496,158.77.

UWM Stock Up 0.8%

UWM stock traded up $0.04 during midday trading on Friday, reaching $4.42. The stock had a trading volume of 8,901,933 shares, compared to its average volume of 11,526,103. The company has a fifty day moving average price of $5.28 and a two-hundred day moving average price of $5.21. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. UWM Holdings Corporation has a 12 month low of $3.80 and a 12 month high of $7.14.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The firm had revenue of $151.14 million during the quarter, compared to analyst estimates of $651.51 million. As a group, equities research analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Thursday, December 18th.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UWMC shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a report on Thursday, December 18th. UBS Group lifted their price target on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. BTIG Research reissued a “buy” rating and set a $10.00 price objective on shares of UWM in a report on Monday, September 22nd. Finally, Morgan Stanley set a $6.00 price objective on UWM in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.56.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UWMC. Vanguard Group Inc. boosted its holdings in UWM by 6.2% during the third quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock worth $105,252,000 after purchasing an additional 1,010,907 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of UWM by 116.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock worth $24,803,000 after buying an additional 3,224,806 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of UWM during the 3rd quarter worth approximately $32,630,000. Bank of America Corp DE boosted its stake in shares of UWM by 40.5% in the 3rd quarter. Bank of America Corp DE now owns 5,279,523 shares of the company’s stock worth $32,152,000 after buying an additional 1,520,923 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of UWM by 165.5% in the third quarter. Two Sigma Investments LP now owns 4,988,898 shares of the company’s stock valued at $30,382,000 after acquiring an additional 3,109,591 shares in the last quarter. 53.59% of the stock is owned by institutional investors.

UWM Company Profile

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.