UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction on Monday, April 20th. The shares were sold at an average price of $3.94, for a total value of $3,942,261.56. Following the transaction, the chief executive officer owned 9,321,247 shares in the company, valued at approximately $36,725,713.18. This trade represents a 9.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ishbia Mat also recently made the following trade(s):
- On Wednesday, April 22nd, 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, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.93, for a total value of $3,932,255.82.
- On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $3,782,169.72.
- On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.66, for a total value of $3,662,100.84.
- On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.71, for a total value of $3,712,129.54.
- On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.87, for a total value of $3,872,221.38.
- On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02.
- On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $3,692,118.06.
- On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total value of $3,492,003.26.
- 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.
UWM Stock Performance
Shares of NYSE UWMC opened at $3.68 on Thursday. 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 stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 61.25 and a beta of 1.93. The stock’s fifty day simple moving average is $3.98 and its 200 day simple moving average is $4.84. UWM Holdings Corporation has a 52-week low of $3.38 and a 52-week high of $7.14.
UWM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date was Thursday, March 19th. UWM’s payout ratio is presently 666.67%.
Wall Street Analyst Weigh In
UWMC has been the topic of a number of recent research reports. The Goldman Sachs Group set a $5.00 target price on UWM in a report on Tuesday, January 6th. Jefferies Financial Group set a $4.40 target price on UWM in a report on Wednesday, February 25th. BTIG Research restated a “buy” rating and issued a $10.00 target price on shares of UWM in a report on Tuesday, March 10th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Weiss Ratings cut UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.24.
Read Our Latest Research Report on UWMC
Institutional Trading of UWM
Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its position in shares of UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after buying an additional 4,091 shares during the period. GAMMA Investing LLC boosted its position in UWM by 408.7% during 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 last quarter. Raymond James Financial Inc. acquired a new stake in UWM during the second quarter valued at $35,000. Farther Finance Advisors LLC boosted its position in UWM by 1,410.7% during the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in UWM during the third quarter valued at $38,000. Institutional investors and hedge funds 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.
See Also
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