UWM (NYSE:UWMC) CEO Sells $3,455,492.04 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $5.46, for a total value of $3,455,492.04. Following the completion of the sale, the chief executive officer directly owned 1,251,131 shares of the company’s stock, valued at approximately $6,831,175.26. This represents a 33.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.35, for a total transaction of $3,385,875.90.
• On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.27, for a total transaction of $3,335,245.98.
• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.70, for a total transaction of $2,974,507.80.
• On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.43, for a total transaction of $2,803,631.82.
• 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 Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.37, for a total value of $2,765,659.38.
• On Monday, December 29th, 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 Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 shares were 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 shares were sold at an average price of $4.70, for a total transaction of $1,891,670.10.

UWM Trading Up 6.8%

UWM stock traded up $0.37 during trading hours on Thursday, reaching $5.82. The stock had a trading volume of 24,669,428 shares, compared to its average volume of 19,610,029. The company has a fifty day simple moving average of $5.14 and a 200-day simple moving average of $5.27. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $7.14. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $151.14 million for the quarter, compared to the consensus estimate of $651.51 million. UWM had a net margin of 0.61% and a negative return on equity of 6.81%. As a group, sell-side analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.40 annualized dividend and a yield of 6.9%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Pallas Capital Advisors LLC grew its holdings in shares of UWM by 45.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 29,394 shares of the company’s stock valued at $129,000 after buying an additional 9,125 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in UWM by 40.5% during the 4th quarter. 180 Wealth Advisors LLC now owns 159,073 shares of the company’s stock valued at $697,000 after purchasing an additional 45,829 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of UWM by 30.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 274,453 shares of the company’s stock worth $1,239,000 after purchasing an additional 63,449 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of UWM in the fourth quarter worth $67,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of UWM during the third quarter valued at $12,237,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UWMC shares. Weiss Ratings restated a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. Jefferies Financial Group started coverage on shares of UWM in a report on Friday, December 19th. They set a “hold” rating and a $5.00 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $10.00 price target on shares of UWM in a research note on Monday, September 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.53.

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.