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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $3.69, for a total transaction of $2,335,305.06. Following the transaction, the chief executive officer directly owned 2,336,171 shares in the company, valued at approximately $8,620,470.99. The trade was a 21.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total transaction of $3,702,123.80.
• On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.91, for a total transaction of $2,474,537.34.
• On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.78, for a total transaction of $2,392,263.72.
• On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.11, for a total transaction of $2,601,112.14.
• On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.25, for a total transaction of $2,689,714.50.
• On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.03, for a total transaction of $2,550,482.22.
• On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.52, for a total transaction of $2,860,590.48.
• On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.77, for a total value of $3,018,808.98.
• On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.88, for a total value of $3,088,425.12.
• On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.94, for a total value of $3,126,397.56.

UWM Trading Down 0.7%

NYSE:UWMC traded down $0.03 on Monday, reaching $3.64. The company’s stock had a trading volume of 20,354,773 shares, compared to its average volume of 19,650,291. UWM Holdings Corporation has a 12-month low of $3.62 and a 12-month high of $7.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 60.58 and a beta of 1.90. The stock has a 50 day moving average price of $4.88 and a 200 day moving average price of $5.34.

UWM (NYSE:UWMC) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $945.25 million for the quarter, compared to analysts’ expectations of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. On average, equities analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 11.0%. UWM’s dividend payout ratio is presently 666.67%.

Institutional Trading of UWM

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP lifted its position 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 worth $25,000 after purchasing an additional 4,091 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after purchasing an additional 4,344 shares during the period. Advisory Services Network LLC acquired a new position in shares of UWM in the third quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new position in shares of UWM in the second quarter valued at approximately $35,000. Finally, Farther Finance Advisors LLC increased its stake 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 buying an additional 8,027 shares during the period. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UWMC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 27th. Barclays decreased their price objective on shares of UWM from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Jefferies Financial Group set a $4.40 target price on shares of UWM in a report on Wednesday, February 25th. The Goldman Sachs Group set a $5.00 target price on UWM in a research report on Tuesday, January 6th. Finally, Weiss Ratings upgraded UWM from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.49.

About UWM

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.