UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat Sells 400,036 Shares of Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 400,036 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $4.22, for a total value of $1,688,151.92. Following the completion of the sale, the chief executive officer directly owned 1,499,352 shares of the company’s stock, valued at approximately $6,327,265.44. The trade was a 21.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, July 11th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.14, for a total value of $1,656,149.04.
• On Wednesday, July 9th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.26, for a total value of $1,704,153.36.
• On Monday, July 7th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.05, for a total value of $1,620,145.80.
• On Wednesday, July 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.32, for a total value of $1,728,155.52.
• On Monday, June 30th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.13, for a total value of $1,652,148.68.
• On Friday, June 27th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.12, for a total value of $1,648,148.32.
• On Wednesday, June 25th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.14, for a total value of $1,656,149.04.
• On Monday, June 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.10, for a total value of $1,640,147.60.
• On Friday, June 20th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.02, for a total value of $1,608,144.72.
• On Tuesday, June 17th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $3.99, for a total value of $1,596,143.64.

UWM Stock Performance

Shares of NYSE UWMC opened at $4.24 on Tuesday. The business has a fifty day simple moving average of $4.17 and a 200 day simple moving average of $5.15. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of -32.58 and a beta of 1.68. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $9.74.

UWM (NYSE:UWMC) last issued its earnings results on Tuesday, May 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.29). The firm had revenue of $613.37 million during the quarter, compared to analyst estimates of $558.80 million. UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. Sell-side analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.45%. UWM’s payout ratio is -307.69%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UWMC. GAMMA Investing LLC raised its stake in shares of UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock valued at $32,000 after purchasing an additional 2,958 shares in the last quarter. Signaturefd LLC grew its position in UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock valued at $45,000 after acquiring an additional 4,693 shares during the period. Quarry LP bought a new stake in UWM in the first quarter valued at $53,000. Focus Partners Wealth bought a new stake in UWM in the first quarter valued at $55,000. Finally, Independent Advisor Alliance bought a new stake in UWM in the first quarter valued at $58,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on UWMC. UBS Group upgraded UWM from a “sell” rating to a “neutral” rating and cut their price target for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Barclays upgraded UWM from an “equal weight” rating to an “overweight” rating and set a $6.00 price target for the company in a report on Tuesday, July 8th. The Goldman Sachs Group cut their price target on UWM from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods lowered UWM from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $6.50 to $4.50 in a report on Thursday, July 10th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.18.

About UWM

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.