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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $4.70, for a total value of $2,974,507.80. Following the completion of the transaction, the chief executive officer directly owned 4,415,501 shares in the company, valued at $20,752,854.70. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value 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 stock was 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 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 transaction 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 transaction 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.
• 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 shares were sold at an average price of $5.67, for a total transaction of $3,471,667.29.

UWM Trading Up 2.5%

Shares of UWM stock traded up $0.12 during trading hours on Wednesday, hitting $4.63. 20,235,723 shares of the company’s stock traded hands, compared to its average volume of 14,651,665. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. The stock has a 50 day simple moving average of $5.20 and a 200-day simple moving average of $5.23.

UWM (NYSE:UWMC) last issued its quarterly earnings results 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 business had revenue of $151.14 million during the quarter, compared to analysts’ expectations of $651.51 million. As a group, research analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.6%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. BTIG Research reissued a “buy” rating and issued a $10.00 target price on shares of UWM in a research report on Monday, September 22nd. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.53.

Institutional Trading of UWM

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

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.