UWM (NYSE:UWMC) CEO Sells $2,797,303.08 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08. Following the sale, the chief executive officer owned 1,612,745 shares of the company’s stock, valued at approximately $7,128,332.90. This trade represents a 28.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 transaction 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 stock was 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 shares were 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 shares were 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 stock was 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.
• On Monday, December 1st, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.80, for a total transaction of $3,551,264.60.
• On Friday, November 28th, Ishbia Mat sold 437,073 shares of UWM stock. The stock was sold at an average price of $5.85, for a total value of $2,556,877.05.

UWM Price Performance

NYSE UWMC traded down $0.20 on Monday, hitting $4.40. 11,904,766 shares of the company traded hands, compared to its average volume of 7,267,450. The business’s 50 day moving average price is $5.39 and its 200-day moving average price is $5.22. 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 posted 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). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The company had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. On average, equities analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

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

Institutional Trading of UWM

Large investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after acquiring an additional 4,091 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 in the last quarter. Raymond James Financial Inc. bought a new stake in UWM in the second quarter worth $35,000. Advisory Services Network LLC purchased a new stake in UWM during the third quarter valued at $38,000. Finally, R Squared Ltd purchased a new position in shares of UWM in the 2nd quarter worth $51,000. Institutional investors own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UWMC shares. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Barclays raised their price target on UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Keefe, Bruyette & Woods upped their price objective on UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Morgan Stanley set a $6.00 target price on UWM in a research note on Tuesday, December 16th. Finally, BTIG Research restated a “buy” rating and issued a $10.00 price target on shares of UWM in a research note on Monday, September 22nd. Two equities 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, the stock has an average rating of “Hold” and a consensus target price of $6.56.

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.