Ishbia Mat Sells 1,000,574 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMCGet Free Report) CEO Ishbia Mat sold 1,000,574 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $3.49, for a total transaction of $3,492,003.26. Following the transaction, the chief executive officer directly owned 3,330,431 shares of the company’s stock, valued at $11,623,204.19. This represents a 23.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
  • On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
  • On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.72, for a total value of $3,722,135.28.
  • On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total value of $3,602,066.40.
  • On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
  • On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.70, for a total value of $3,702,123.80.
  • On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $2,335,305.06.
  • 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 stock was sold at an average price of $4.11, for a total transaction of $2,601,112.14.

UWM Stock Up 1.7%

Shares of NYSE UWMC traded up $0.06 during midday trading on Thursday, hitting $3.70. The stock had a trading volume of 1,310,827 shares, compared to its average volume of 18,973,230. The business’s 50 day moving average is $4.43 and its 200-day moving average is $5.11. UWM Holdings Corporation has a 52 week low of $3.38 and a 52 week 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 company has a market cap of $5.92 billion, a P/E ratio of 61.58 and a beta of 1.92.

UWM (NYSE:UWMCGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $945.25 million for the quarter, compared to the consensus estimate of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. As a group, analysts predict 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, April 9th. Stockholders of record on Thursday, March 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 annualized dividend and a dividend yield of 10.8%. UWM’s payout ratio is currently 666.67%.

Analysts Set New Price Targets

UWMC has been the topic of several recent analyst reports. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods lowered their target price on shares of UWM from $6.75 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, February 27th. Barclays dropped their price target 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. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Argus raised shares of UWM to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.49.

Check Out Our Latest Report on UWMC

Institutional Trading of UWM

Several large investors have recently modified their holdings of the company. Allworth Financial LP increased its position in UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after acquiring an additional 4,091 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of UWM by 408.7% during the 3rd 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 purchased a new stake in shares of UWM during the 3rd quarter valued at about $38,000. Raymond James Financial Inc. purchased a new stake in shares of UWM during the 2nd quarter valued at about $35,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after purchasing an additional 8,027 shares during the period. Institutional investors own 53.59% of the company’s stock.

About UWM

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for UWM (NYSE:UWMC)

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